$CLI - CROPLOGIC (CLI:ASX) - Making another run at resistance
Could be interesting. Company with significant agricultural expertise and technology applying this to their own product. In this case hemp and the CBD yield. Chart looks like there "might" be a quick 8-10% in it at least until resistance. Never know though, so make sure you run your stops :)
CLI recently transitioned from an ag-tech company to one about to start growing 500 acres of high CBD hemp. With an EV of ~10m and a crop target value of several times this the companies future looks brighter than ever.
From a TA perspective there is a target at 5.0c based on prior resistance
$CLI has shown strength over the past few days with the first wave moving the stock from a 1.3c base to a 3.5c high (+170%) before retracing to the fib 50% mark on declining volume, from here the volume has ticked up with heavy volume at 3.3c then 3.5c respectively.
Poised to break out to the top side the target for the next wave is the twice tested resistance...