NGTF
shares are in breakout mode. Not only is the company apparently massively undervalued relative to its operational trajectory and market positioning, but the stock is starting to show signs of being poised for dramatic upside potential.
After breaking its former downtrend line in a technical basing formation, NGTF shares (and there are only about 35 million of them rattling around on the float) just broke above a range resistance barrier. That breakout following a three-point bullish divergence in MACD and RSI, meaning that momentum has been turning higher under the surface for some time.
Key Points:
• NGTF has secured ice cream distribution in multiple Top-10 supermarket chains in the United States
• NGTF has a small trading float of just 35M, which suggests the stock could launch higher on any additional influx of interest.
• NGTF is making real money, with trailing revs already coming in at $456K.
• NGTF is starting to see major topline growth, with quarterly y/y revs increasing at 102%, and q/q revs growing at 275%.
• NGTF’s biggest shareholder has agreed to a long-term share lock-up agreement, keeping the stock free of heavy supply on future rallies.
• NGTF is coming off three-point bullish divergences in both MACD and RSI indicators after breaking its prior downtrend line.
The chart agrees with the fundamentals right now in NGTF: the company appears to be a potential billion-dollar brand still selling equity under the guise of a $20 million holdings company. That may present an enormous opportunity for current and prospective investors in ahead of the crowd on future growth revelations.
Nightfood has already achieved brand attention and an expanding distribution footprint. As the scope and reach of sales increases, one might expect the cost per unit to dive and the market to suddenly find itself trying to price a rapidly growing profitable company being approached by bigger brands in search of an acquisition target.