Looks like a good back test after an all time high today. VGW is travelling in an ever narrowing channel. It could break up or down. The will announce EU GMP certification soon which should give it a lift.
Looks like two main channels that VGW is running in. Possible back test tomorrow to $4.25. If it stays on target, I'm looking at a price target of $5 by May 10th.
Revenue increased to $2,220,200 for the first quarter of 2019 compared with $nil in the same period in fiscal 2018.
1,796,000 grams of dried cannabis and hemp biomass was processed in the first...
VIDA have major deals with distributors and Red Bull management. They are ideally suited to top the CBD beverage industry in the US. It's travelling in a channel upwards. Golden cross expected April 24th.
Expected earnings date is April 30th, though it could be announced earlier. The flag on the 15min could either be setting up to go higher of return to the trend in preparation for earnings.
I can see this stock going much higher. If compared to the current share price of LABS, I think it should be somewhere around $9.
LABS capacity 150T/a
VGW has pushed up off of the long term uptrend. It's competitor, LABS has been moving up after earnings. VGW has almost twice the capacity, so I would expect their earnings to reflect that. They have also stated that they are expanding. I think the current price is a bargain and it will be pushing up higher in the next few weeks.