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

Long
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.
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