LGP LONGPrice is pretty in tune with the latest good news, good earnings this year and some other international acquisitions which should help price in the future.
Price is in a nice pennant didn't make it all the way to test the bottom side before finding some love and jumping the creek breaking the down sloping resistance line.
Targets are as listed - top of the pennant, the 1.272, 1.618 and finally the full measured move of the pennant if we can break above and hold all the levels before that.
LGP trade ideas
$LGP:ASX - LITTLE GREEN PHARMA - New Pot StockWas just having a wander through recent listings and spotted this one having a bit of a breakout moment. Not really into pot stocks, but their recent presentation looked interesting. Could be worth a watch.
About Little Green Pharma
Little Green Pharma is a vertically integrated medicinal cannabis business with operations from cultivation and production through to manufacturing and distribution. The Company has an indoor cultivation facility in Western Australia and an exclusive partnership with a GMP licensed pharmaceutical manufacturer for the production of its own-branded range of medicinal cannabis products. Little Green Pharma products comply with all required Therapeutic Goods Administration regulations and testing requirements. With a growing range of products containing differing ratios of active ingredients, Little Green Pharma supplies medical-grade cannabis products to Australian and overseas markets. The Company has a strong focus on patient access in the emerging global medicinal cannabis market and is actively engaged in promoting education and outreach programs, as well as participating in clinical investigations and research projects to develop innovative new delivery systems.
