We bought Future Farms at a couple of good entry points early in the year, and with the benefit of hindsight would have been much better off selling it for a good profit on its second February spike. We didn’t and ended up getting stuck with it when it reacted back further than expected. However, the company has not been inactive and appears to be getting its act together and becoming a lot more efficient, and this is reflected in the technical condition of the stock, which appears to be getting ready to break out of a Head-and-Shoulders bottom that has been forming since May. Crucially, the volume pattern has become strongly bullish over the last 6 weeks or so, driving the Accum-Distrib line to new highs. This is a sign that a breakout is pending from this base pattern which will be signaled by a couple of closes above C$0.32. Holders should therefore stay long and the stock is rated a strong buy here. Future Farms trades in good volumes on the US OTC market where as ever limit orders should be employed.
Future Farm Technologies website
Future Farm Technologies FFT.CSX, FFRMF on OTC, closed at C$0.245, $0.19 at 11.15 am EDT on 30th October 17.
Note that Future Farm Technologies will from now on be filed under Marijuana stocks in the Archive.
Posted at 11.55 am EDT on 30th October 17.