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...
The only green stock in weed sector, although its extraction company. MACD crossover up and I think it can run for another day or two. VFF beat earnings, so the whole mj sector could be green 1 or 2 days. May 14th has more earnings from mj companies.
Expecting a further drop in pricing. Gann forecasting strengthens my opinion. What are your thoughts?
Dear Cannabis Sector friends! In our previous TLRY idea we had asked ourselves: Can TLRY repeat what EOS from crypto space did already? (See the link below) The answer is: Yes . And this is the beauty of Technical Analysis: No matter where you go, which market you wanna play, human psychology never changes. A beautiful descending triangle gets broken bearish,...
Hello my dear Cannabis sector fans, but also to my usual Crypto friends: Pay attention now! The legalization of Cannabis is coming from left an right, and obviously, what had started in Canada, will not just stay there. The US is the next huge market, and after that comes Europe. Some of the Canadian Cannabis companies have seen huge run-ups already, but this...
No matter how fundamentally strong VFF Is and how solid their execution is , the overall volatility and psychology of the cannabis markets will effect share price. Personally I believe VFF to be very well positioned, in a strong position financially and their operational plans are on track for 2018 and 2019. Short term VFF is in for a tough battle up, overall...