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Hello fellow investors / traders,
Monday's alert delivered 25%+ one day gains,
but since then the markets have been pretty ordinary to say the least,
that's why I have held off bringing you any new trade ideas.
But after today's 1%+ sell off, tomorrow is set up nicely for a bounce.
And what better way to get back into the action with a bounce play on a low priced, small market cap / small float ticker.
The stock to watch tomorrow is Verde Science Inc (VRCI).
VRCI closed Wednesday at $0.012, and a look at the chart suggests it has solid multi-month support just below these levels. Having pulled back from around $0.08 just a few months ago, we think VRCI could bring the heat with an epic bounce.
Check out the chart, VRCI is sitting right at its 50 day moving average with what appears to be strong support at $0.01.
We can also see strong sideways consolidation at these levels for around two months. This indicates to us that buyers and sellers are in equilibrium.
We think this could be a very good risk v reward trade.
A breakout from the descending triangle formation to the upside could see strong momentum come in to the trade.
About Verde Science, Inc (VRCI)
Today VRCI released news
that they have signed a binding memorandum of understanding to form a
joint venture with ID Global Corp - whereby ID Global will provide
assistance in raising capital, business advisory services and facilitate
merger discussions.
And just a couple weeks ago they announced they had formed an R&D alliance with a Mumbai, India based pharmaceutical company that has had significant success in the development of novel medical treatment couponds.
Verde Science, Inc (VRCI)
is focused on Medical Marijuana Research and Development, and providing
advisory services, quality assurance, and aeroponic growing systems in
the burgeoning Medical Marijuana industry to established, licensed
growers throughout Canada.
VRCI has
identified and developed relationships with leading research and
production experts in the rapidly expanding medical marijuana industry.
The company is focused on providing an array of research and
development, cannabinoid formulations, and technical services including
aeroponic technology for its industry client base to enable them to
produce the highest quality, greatest yield medicinal marijuana.
VRCI is one of the initial corporate players in the medical
marijuana industry providing sophistication, controls, standards and
innovation. The company has and will continue to assemble a highly
experienced team that will deploy state-of-the-art technology and a
superior methodology to enter and take meaningful market share that can
be repeated and expanded as more and more jurisdictions adopt legal use
of cannabis products to address health care issues.
Having consolidated well for around two
months at these levels, we think VRCI is set up nicely for a run higher
off these technically oversold levels.
Make sure you do your research on VRCI tonight and be ready for the action tomorrow.
www.ShiznitStocks.com
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