ALEF continuation of Bearish trend unless early rise

9 באוק׳ 2018

First time publishing a chart since starting to trade and becoming a member near the end of August. Thought I would keep it simple. With this being said its ALEF's first time floating around the 3$ mark. As you can see multiple sell offs have occurred since September 27th however seeing minor sings of support as well creating consolidation for this stock. Optimally Oct 1 - 2 would have been a great catalyst to continue the bullish trend it was in, unfortunately it has continued to consolidate lower. I haven't lost faith in ALEF's capability to turn Bullish however if its going to happen it will need to break out and above 3.05, 3.09 and the 3.20 to confirm that the trend will be bullish. otherwise it will continue to steep lower to 2.80 continuing a bearish pennant trend. From what I have seen so far it looks like the AM will be bullish but those are just numbers. My analysis hopefully will make more sense as I learn the lingo necessary! Thanks for your patience