Has Aleafia stuck in a bottom recently, it appears as though on the RSI there is a staircase creation of higher lows & higher highs, and now a Inverse Head & Shoulders is forming & may break-out bullishly to the upside in the near term.
It also seems like a bull flag is breaking out to the upside right now.
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.
Gann helps identify patterns early on. Before the end of this week, we'll have short term direction. Buy the dip, or sell the rally? 1.760% revenue increase, and not a single penny up? Ridiculous! This is a stock that is getting way to little attention. Wait until it gets the two licenses granted, later this year! ALEF has more capacity than CRON, just a little...
Looking at the chart for V.FAF it appears as though things can only go up from here?
There's some speculation around Fire & Flower being acquired by Aleafia.
Interesting enough, Certain directors and officers of Emblem have interests in Fire & Flower. In particular, Harvey Shapiro, a director and the Chairman of the Company, is also a director of Fire &...
Aleafia is looking to retest a recent support that was made May 3rd.
If it holds then we will see a double bottom & possibly a reverse in the trend after the break through the descending triangle I spoke about in my previous post.
Where is she headed? This has to the be THE single most undervalued pot stock at this time. With a capacity that is greater than Cronos, this #6 biggest player by production capacity is long overdue for some attention. Strong fundamentals, presenting earning next week. A beat would have this stock search for a weekly lower high, then hopefully a higher low,...
Confirmed when it bounced today. Every time ALEF has presented the current set up, it was prior to a bull run. The next few days will be crucial. If bulls manage to keep her on top of the 12 EMA, we'll soon have enough volume to turn this ride around.
Aleafia uplisted to the TSX, merged with Emblem and is currently waiting for Health Canada to license their...