Every time it hit this demand level in the past it shot the price way higher, I'm looking for the same here and think pot stocks are ready for some serious gains looking at the charts.
2 days ago, on 3/2/2022 Raymond James brokerage Set a Price Target of $19.00 for VFF, Village Farms International, giving it a Strong-Buy rating!
The chart looks beautiful, VFF is sitting at a strong support, ready to start a reversal.
My price target is the 10.50 resistance.
I think Cannabis stocks will be the next EV`s in terms of market explosion in the next few years.
Yesterday, 8/17/2021 Raymond James brokerage Boosted VFF`s Price Target to Strong-Buy from $26.00 to $27.00
My price target is 20usd.
Two days ago Village Farms International Acquired 100% of Balanced Health Botanicals, a Profitable Leader in the US CBD Category,...
$VFF - One of my favorite stocks to swing. Came off yearly lows under $3, to hit highs once again near $11. Big distribution at this level from previous years, expecting a breakdown of first support near $9 (which is weak), and a swing towards first true support near $7/8.
Village Farms International is one of the more interesting small-cap cannabis companies on the market.
It has only 335.252M Market Capitalization, and makes a small profit every year. Even though the P/E ratio is huge, 190.66, they don`t have debt like most of the cannabis related companies, because it`s being one of the most cost-effective growers on the market....
Not a big fan of this sector but Village Farms has a couple things going for it. OTM calls $9 and $11 got them for dirt cheap couple months out. Risk to reward for me is good with how I'm exposed on other options currently.
Expecting bounce from extremely oversold weekly and daily levels in the cannabis stock. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
