FUTURE FARM TECH update...

originally published Monday, October 30, 2017

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All Marijuana stocks

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.

The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stockmarket analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.