The market doesn't care that you think it's going to $20.
$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 $7/8.
Technical overview: VFF all time high was 17.45$ in March 21 2019. After COVID-19 our highest high is today’s 10.82$. Before we start analyzing the wave we are seeing in VFF we must mention a valuable fact ! the resistance level from March 2018 was just broken !! that is big ! it was broken by an igniting bar with a lot of volume and momentum behind it meaning...
Targets shown by boxes. It is oversold right now, so be careful/patient.
Will wait till tomorrow am to decide how to play this. Looks great but I have seen so many MJ names like this fall right back down. Would prefer to enter long close to the breakout point if I can.
VFF has had a nice rally of the lows but has hit some major resistance now . From $6.00 - $6.35 is a area where sellers remain active. once above that level we could see a rally from $7.00 -$8.00
VFF has broken out of it's 5 month trading range. The possibility of US federal legaization is a massive tailwind for the name. Largest greenhouse footprint in the Americas, with houses in both Canada and the United States.
Promising environment for Marijuana stocks Targets set high for partial profits. Not trade advice.
Weekly Wedge breakout + revisit Entry 6 Stop 4 target1: 14; I am not a PRO trader. I need few months to practice trading strategies. If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
bullish trend on daily chart, broke short term bearish trend. Biden won election. Good for weed stonks. BUY BUY BUY
Potential long entry on a break above $5.45