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Bullboard - Stock Discussion Forum Verde Agritech Ltd T.NPK

Alternate Symbol(s):  VNPKF

Verde AgriTech Ltd is an agricultural technology company that produces potash fertilizers. The principal activity of the Company is the production and sale of a multi-nutrient potassium fertilizer marketed in Brazil under the brands K Forte and BAKS, Silicio Forte, and internationally as Super Greensand (the Product). K Forte is a potash fertilizer that is a source of potassium, silicon, and... see more

TSX:NPK - Post Discussion

Verde Agritech Ltd > Any technical guys here
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Post by gasguzzler on Mar 08, 2022 10:10am

Any technical guys here

New guy here....is 9.45 to 6.15 gonna be enough to satisfy this need that I always here from the chart guys that " it needs to fill the gap" when a stock goes on a run like this one did in February. bought more at 6.50 this morning.
Thanks in advance
Comment by mystiqe on Mar 08, 2022 11:18am
The stock moved parabolic away from the 40 MA. If you look at charts when that happens the stocks move back down closer to the 40MA again. Ideally would be that a stock moves along the 40MA. On March3 PNK made a new high at 9.45 the price on the 40 Ma was 5.06. Way off the 40MA. When you see this set up the risk is high that the stock will correct. These spikes in the market are ideal for short ...more  
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