McGuireTO

VFF temporary top looks set, daily higher low on watch

TSX:VFF   None
VFF big upper wick and profit taking with three bounces from the low of day, lose that level tomorrow we'll be looking for a healthy daily higher low. We've already pulled back 10% from the top of the move, we could still pull back 40% and be very healthy on the weekly chart. The triple bottom on the hourly chart makes it clear the bulls are defending the low of the day as a key support, if we lose that level be on watch for increase bear volume which could extend our consolidation to the downside and potentially give clues about how much consolidation we can anticipate.

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