Inverse H&S on the Verde Agritech weekly chart targets $1.00

OTC:AMHPF   Verde Agritech PLC
The weekly chart of Verde Agritech is showing an inverse head and shoulders pattern that appears to have completed. A breakout from the current level (~$0.57) will confirm the pattern. The distance from the head to the neckline is $0.43, so the target of this chart pattern is $1.00. Fundamentals are supportive in that the company is establishing itself as a domestic supplier of potash to the Brazilian agricultural market and is steadily growing production and revenues. The product has been shown to be highly effective for coffee , soybeans and other crops while also being less damaging to the soil.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.