Shares are ALEF are currently trading at $0.77, up 6.9% on the day with over 700k shares traded.
ALEF has officially reached the apex of its bull pennant formation and as expected it has broken out the pattern. Volume has started to increase as well. See chart for visual.
In our opinion it was simply just a matter of time before the market began realized the true value of Aleafia’s stock. Remember, ALEF wasn’t around during the last major Cannabis market run. Their stock didn’t get the opportunity to reach crazy valuations like some of its peers. Being able to invest in ALEF at the current 100m market cap is in our opinion a gift.
Take full advantage of this gift and start your due diligence asap. Best of luck and happy trading.
What is a Pennant?
A pennant is a continuation pattern in technical analysis formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines, the pennant, followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole.
Join the largest Cannabis Investing page on Facebook: www.facebook.com/
To receive text message alerts when new articles are released click here: http://clk2.it/k7oF5z
Join our Email list: http://eepurl.com/bUSa71
Follow us on Instagram: www.instagram.com/