VFF short Idea
Updated
VFF has been battered after its rapid rise to the 20's it was a very euphoric journey but now its in a downtrend maintaining under the moving average and also printing poor RSI setups for bullish divergence.
I plan to short this company with 100 shares at the current price $14.72 my max loss is $15.82 which will be the exit for my position if I am wrong about the direction.
However if it continues as it has recently in the past 2 months. I will exit once I've reached $220 as my exit point. 2:1 ratio.
My holding time will be 45 days. If CGC continues lower than VFF may also continue on its bearish trend.
This is a journal entry and not trading advice.
I plan to short this company with 100 shares at the current price $14.72 my max loss is $15.82 which will be the exit for my position if I am wrong about the direction.
However if it continues as it has recently in the past 2 months. I will exit once I've reached $220 as my exit point. 2:1 ratio.
My holding time will be 45 days. If CGC continues lower than VFF may also continue on its bearish trend.
This is a journal entry and not trading advice.
Trade closed: stop reached
Closed trade, accidently shorted again. Loss 155
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.