Aleafia Health Inc ALEAF

Welcomed Pullback, before next leg up

[Silverback63]

Aleafia was running very hot given it's material move over the past few weeks. I was worried that we would head into this weeks financials and business update having not seen any pullback in the stock at all. Like most people I was surprised by the financing, but if we need a pullback to cool things off before going higher, putting more cash in the treasury is a great way to do it. I also smiled when I saw the amount, as $13-$14.5M is a small amount to add, but more importantly Aleafia just gained a number of investment firms supporting the stock, as part of the bought deal. Even if these guys slowly sell off their shares and simply run with the warrants, they will form a base of support in excess of the $0.80 warrants, as they want to make a great return on their investment.

I'll be waiting to seel what we close at today and tomorrow and hope our Chart Specialists on this site (which is always appreciated) can give us their insight, and ideally run a fibonnaci extension to see what it looks like going forward.

Going to be an exciting year.