Aleafia Health Inc ALEAF

Healthcare Cannabis

Aleafia Health Inc. is a federally licensed Canadian cannabis company offering cannabis products in Canadian adult-use and medical markets and in select international markets. The Company is engaged in the production, sale, and distribution of cannabis. It operates a virtual medical cannabis clinic staffed by physicians and nurse practitioners which provide health and wellness services across Canada. The Company operates two licensed cannabis production facilities and operates a strategically located distribution center all in the province of Ontario, including the largest, outdoor cannabis cultivation facility in Canada. The Company produces a diverse portfolio of cannabis and cannabis derivative products including dried flower, pre-roll, milled, vapes, oils, capsules, edibles, sublingual strips and topicals. It markets and sells cannabis products through regulated intermediaries into selected international markets, tactically sells cannabis products into Canadian wholesale markets.

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Aleafia Health Inc > These are my thoughts going forward

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Comment by Oilspecson May 31, 2020 2:50pm

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Post# 31093910

RE:These are my thoughts going forward

Oilspecs wrote: The targets we had before were achievable, and i'm not going to repeat myself like a bird, but we all know why we did not get there. Let's look past that and set some goals or points of interest. Here is the daily.  https://www.tradingview.com/x/GdSuTPkZ/

The chart speaks for itself, if we break and close below .55 then you can bet your bottom dollar that it will tank lower. For you day traders, you will have a heart attack, for the people that are long term and believe the Aleafia story of harvesting 100,000kg++, extracting and exporting etc etc etc....blah blah blah, then you can simply buy more shares cheaper. It is a shame we did not hit our targets above $1, but the game is not over. With today's close the monthly did not make a lower low, which means the uptrend or the set up from last months close is still entact. We should continue higher, and it would have been much easier if Canopy would stop bleeding so much and show some profit or a sign of hope which would restore faith to the sector. In this chart you can see why I am optimistic and also why I am a little shell shocked.

In the past when we got this monthly set up normally the move up was on the very next candle after we closed above the trend line and made a higher high/higher low. It has never failed and we hit bank EVERY SINGLE TIME. Sentiment was different then though, it was similar to lowrider taking a viagara at the age of 20. It shot up on pure optimism and actually no fact or reason. Now we have to earn it.

https://www.tradingview.com/x/bbKOeJKE/

Monthly reversals are not joke as you can see with their 100% track record. It just needs time to grow. I do not see us going lower than .37 ever at any point. It is now about executing. If it does drop further you have a greater risk vs reward. So in the end......should you buy or not is up to you. I will pull the trigger at those 2 levels I marked on the chart and hope for the best. I mean if you were buying on the way down last year and your bag is full, adding here is absolutely golden. We got to the point that most were expecting to be last year, not knowing the actual time line was this year. Let's execute and reap the rewards. I hope this helps. AHLONG