Heading towards 50 and beyond - VEGI ETFAgricultural fertiliser is becoming more expensive not because less is being produced BUT because the supply chain (Straits of Hormuz) is being choked !
For those who has not bought into this ETF, a word of caution - if the negotiation is successful and the ceasefire leads to a permanent stoppage, then we could witness a sharp plunge in pricing !
Those who already has vested in this ETF may want to cream some profits and leave the remaining units running!
Please DYODD
In-depth trading ideas
MOO MOO eat VEGI Have a look at these two ETFs. Do a bit of research , understand the trends - climate, population growth, growing income , urbanisation, technological advancement , etc and how it affects the global agribusiness. Start from the food you eat daily and then visit your local supermarket to check out its prices, popularity and demand. Slowly from there expand and read up slowly. No need to take a MBA to know all these stuff. Many educational articles, interviews, videos available online for free.
End of day, if you walk away not wanting to put a penny in it, FINE. At least, you gain some knowledge and this will stay with you and value add to other interconnected industries that you are invested in , one way or another..............
VEGI: Weekly VCPSetup: Trendline break, VCP
VCP: 41W 27/4 4T
RS: 55
The posted chart contains a VCP (volatility contraction pattern). The first label "W" stands for weekly and shows the duration of the entire consolidation. In the middle label, the percentage of contractions is indicated (for example, "15/4"), with 15 representing the -15% depth of the base and 4 representing -4% of the last contraction. The last part "T" represents the number of contractions. The light blue lines in the chart correspond to the contractions. A more detailed description can be found in Mark Minervini's books.
RS stands for relative strength and measures the strength of the stock compared to the overall market. The value range is 1-99 with 99 being the highest value. The rank was generated by fyntrade.





