AGRI BULLISH TRIANGLEMarket formed a bullish triangle pattern and is close to breaking out we are expecting to bounce off of a 50% fib zone and break out trough the top and reach the top of triangle.
Indicators:
AROON: Is showing bullish momentum gain (Orange line crossed blue one)
Entry: 3.34
Invalidation: 3.01
Target: 5.10
Agriforce
AgriFORCE Growing Systems (USA: $AGRI) To Bloom Spring 2022! 🌷AgriFORCE Growing Systems, Ltd., an agriculture-focused technology company, focuses on the development and acquisition of crop production know-how and intellectual property augmented by advanced AgTech facilities and solutions in North America, Europe, and Asia. The company was formerly known as Canivate Growing Systems Ltd. and changed its name to AgriFORCE Growing Systems Ltd. in November 2019. AgriFORCE Growing Systems, Ltd. was incorporated in 2017 and is headquartered in Vancouver, Canada.
AGRI AgriFORCE Growing Systems Price TargetAGRI was listed on July 7th, at a public offering price of $5.00 per unit. Now the price is only 3.04usd!!!
Shares Float is low, 12.05Mil
AGRI has signed a letter of intent to acquire a leading AgTech European consultancy.
AgTech consultancy had 2020 annual consulting audited revenues of over US$26 million and EBITDA of US$3 million .
it expects revenues of US$28 million for 2021.
purchase price of AgriFORCE is around US$29 million cash and stock.
AGRI has now a mk cap of onlu 45.5mil. with this purchase and AgTech`s added fundamentals, and using also the fibonacci extension tool, my place target for AGRI short term is 11.20usd
I`m looking forward to read your opinion about it.