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Good morning,

Wow, have you seen how our alert from yesterday is trading today? It gapped up huge, hitting $0.08 this morning. We alerted it yesterday at $0.056, so that's a real 42% gain in just 24 hours.

That makes for well over 100% tradable gains so far this week.

As for today's alert, NWGFF, it is trading well however we see a sizable position on the offer at around $0.1150. If it can break through this level, we could see much more upside - especially in the days to come. 

However it is also a caution sign. If it fails to get through this level, profit takers and short sellers could see this resistance and take advantage. 

Either way, keep your stops tight and keep looking for opportunities in NWGFF - maybe on the dips or a clear breakout through $0.1150.

All the best, and have a great long weekend.

SmallCapMomo.com


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Hello fellow investors / traders,

 

Today I'm focusing on a past winner we profiled many weeks ago.

Pull the ticker NWGFF up on your screen, and read on.

Most investors know how big the market for medical and recreational cannabis is already, and Deloitte estimates the market will be valued at over $22.6 billion this year.

Many US States have already legalized its use, and there are sure to be more to come. Legalization in Canada is expected this spring.

NWGFF is making great strides in order to capitalize on this tremendous market growth. More about NWGFF shortly, but first let's look at the chart and technical setup.

NWGFF is a highly liquid ticker, with good average daily volume, a good spread and a solid looking level 2.

As you can see in the chart below, it has been hugging its moving averages, and continues to find support at the 100 day moving average. 



We also see some prolonged sideways consolidation at elevated levels from those back in December / January. This consolidation, or balance between buyers and sellers, is what traders refer to as "coiling". 

If NWGFF sees an increase in buyers come in, the balance becomes out of whack - that's when we could see some serious gains made.

Back in November last year it ran from around $0.07 all the way to $0.27, for an epic 285% gain.

And then earlier this year it bounced off this support level and ran to around $0.20, for a very solid 185% gain.

Its recent high of around $0.20 is almost 100% higher than where it closed yesterday.

Now we are back near the same level it was trading at before it made a big move back in February. We think NWGFF has the potential for more significant upside, with limited downside risk (assuming a stop loss around/below the technical support). In short, it appears to be a solid risk v reward trade.


About NWGFF...

New Age Farm (NWGFF) is an agricultural services company that offers its customers a turnkey growing infrastructure. This service is for licensed growers and processors of luxury crops at their green campuses, which are in Washington State and British Columbia.

Today, NGWFF announced the signing of an LOI between its Washington State subsidiary, New Age Farm Washington, LLC and CannaAgra LLC to secure three additional tenant growers, along with a lease to own option on 11 acres of industrial land in Moses Lake, WA (the "LOI").

NWGFF has three agri-campuses that are in extremely rich agricultural areas.

The Langley Campus in British Columbia has a greenhouse that is 48,000 square feet. In addition, it’s capable of growing 2.4M 4 inch plants per yer. NWGFF believes it has the potential to bring in $2.4M in annual revenues, after upgrades. Not only that, but there are plans for expansion. For example, in the works is a warehouse with 3000 skid capacity, which NWGFF believes could generate $1M per year.

Recently NWGFF announced it had entered into a letter of agreement with a local contractor to begin site preparation work on its Langley facility for the future build out of the planned processing, cold storage, and dry storage warehouse in what, according to the press release, would be a $2 million contract. 

There’s also potential to sell soil as well. There is 80,000 cubic yards peat soil in situ. NWGFF believes there are bulk sales potential of $2.4 million and bagged sales potential of $6.4 million, respectively.

Now, the Oroville Campus is in its early developments. Currently, there are two tenants on the facility. With that said, one of those tenants, who is in Tier 2 production, is just finishing up their first harvest of the year.

The second tenant is in Tier 3 production, is processing licensee, going into their last stages of building out, which would allow them to grow and process up to 30,000 square feet of canopy space. They’ve already planted about 400 plants in a 5,6000 square foot greenhouse.

NWGFF believes the estimated projected revenues could generate up to $23.5M annually from 30,000 square feet of blooming canopy, in full capacity. Of course, this does not include processing and producing by-products such as oils, lotions, and trim...which the company’s Master Growers intend to operate in partnerships with NWGFF.

These Master Growers have over 550 stores in their distribution network, which could potentially lead to greater business.

Finally, there is the Sumas Campus in Washington, which is in the process of receiving upgrades that will allow NWGFF to get it up and running.

For more information on the Company, please visit their website at http://newagefarminc.com/. 

To access recent news, visit http://finance.yahoo.com/quote/NWGFF?p=NWGFF

In Summary...

With strong consolidation and moving average support, a tight level and spread, good average daily volume and nice liquidity, NWGFF looks like it could be a nice risk v reward trade setup.

This could be a great entry point for a multi-day, or swing, trade opportunity.

Do your research and be ready for the trading session ahead.
 

 

Remember our key trading rules when trading. Capital preservation is key. Keep your stops tight, and if things don't go your way, cut your losses and look for another opportunity.