VFF short Idea
Updated
VFF has been battered after its rapid rise to the 20's it was a very euphoric journey but now its in a downtrend maintaining under the moving average and also printing poor RSI setups for bullish divergence.
I plan to short this company with 100 shares at the current price $14.72 my max loss is $15.82 which will be the exit for my position if I am wrong about the direction.
However if it continues as it has recently in the past 2 months. I will exit once I've reached $220 as my exit point. 2:1 ratio.
My holding time will be 45 days. If CGC continues lower than VFF may also continue on its bearish trend.
This is a journal entry and not trading advice.
I plan to short this company with 100 shares at the current price $14.72 my max loss is $15.82 which will be the exit for my position if I am wrong about the direction.
However if it continues as it has recently in the past 2 months. I will exit once I've reached $220 as my exit point. 2:1 ratio.
My holding time will be 45 days. If CGC continues lower than VFF may also continue on its bearish trend.
This is a journal entry and not trading advice.
Trade closed: stop reached
Closed trade, accidently shorted again. Loss 155Disclaimer
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