Village Farms Approaching Key Support Level As MJ Carnage Continues

Village Farms is approaching a key support level, which should present a great buying opportunity for investors who want to participate in their next upswing. The stock has been in a well defined uptrend since early 2016, making a series of higher highs and higher lows. The stock has spent much of 2019 in a downtrend, and is now approaching a key support level of $5.75, which represents downside of 9% from current levels. This level represents both the 61.8% fibonacci retracement level from the stocks high and low of 2018, and the uptrend line from 2016.

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