Aleafia looks like it is ready for a bounce at the very least.
The RSI is also forming an ascending triangle.
Easy risk to reward on this one. Either it breaks out from a $1 entry with a target around $1.50 or it breaks down from the $1 level, invalidating this trade idea.
Positive earnings might just bring ALEF back to life!
Barkworth
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Just not happening, is it... :-(
cyberhornet615
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Invalidated?
UnknownUnicorn1738519
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@cryptojon23, I am personally going to wait until it breaks down from the ascending triangle on the RSI before calling this trade idea invalid.
Barkworth
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ALEF is long overdue for a decent bounce. Their current market cap is ridiculous, compared to their potential. They're even expected to break even and into profits within 2 quarters from now. There are peers that have lower capacity and fewer registered patients, but trade at a much higher valuation. I'm long ALEF at the current level. 4 to 5 years from now, this stock should trade at $14 to $20.