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...
Potential Dragon Pattern for TSX:ALEF.
Anatomy of a Dragon Pattern
A - Head of the Dragon
B - Formation of the first leg
C - Hump (must be 0.38 to 0.5 of AB)
D - Second leg (can be 0.618 to 1.27 of AB)
Looks like this criterion is met. I have written the potential targets for this.
Dynamic Gann Box helps with this setup as well....
ALEF - Bullish here. Charted a while ago before the break of downtrend calling for a reversal. Break and reverse occured and holding. Forming an ascending triangle pattern after punching through first support. Room to work until next support. Overall I am bullish and would expect this can continue to break to the upside with volume.
As always needs confirmation.
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...
I will have to wait for further confirmation. For example the first impulse. I think it's early and will have to watch out over the next couple of weeks what develops. If price breaks below. it means structure has changed and it Becomes invalid.
***Disclaimer: 'The above references an opinion and is for information purposes only. It is not intended to be...
Regarding technical analysis, I'm speculating that Aleafia will move up in a 3rd impulsive wave. If Aleafia breaks below 1.50; I will be revaluating my analysis, due to structure change.
***Disclaimer: 'The above references an opinion and is for information purposes only. It is not intended to be investment advice or Financial Advice'
TSX:ALEF has now ACBD Pattern setup and is forming a bullish triangle
ACBD Pattern Criteria has all been met:
Point C formed at least at 61.8% retracement of AB leg;
Point D formed at least at 127.2% extension of AB leg.
Point D can also occur at a distance not greater than 161.8% of AB or an extension of 138.2% to 161.8%.
It's possible that Aleafia finds support in the first channel below the broken triangle i talked about in my last post, clearly visible on this chart.
It's also possible she finds some tough resistance & continues lower.
The broader markets are selling off so I'm not sure if Aleafia will be the exception.
I'll wait for a better entry point again, but Aleafia...
What is an Ascending Triangle?
An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows.
The breakout can occur to the upside or downside. Ascending triangles are often called continuation patterns...