Key insights
- A technical trader initiated a long position in VITL Farms based on a bottom reversal scan, citing high volume and a quick price rebound. The trader also expressed familiarity with the company's products. While this reflects positive sentiment, the impact on the broader US equity market is minimal due to the company's size and the individual nature of the analysis.
Good day, fellow ~~gamblers~~ Value Investors,
I’ve seen many posts and comments about VITL farms here, many pounding the table about it being a buy. I opened a position on it today. I am a technical trader, I use my own custom built strategies and scans to find plays.
Today, VITL hit on a bottom reversal scan that I have. Stop is 14.50. This scan basically looks for statically significant high volume, and a fast reversal higher. If you want to know more about it I can give the details.
I have been buying their butter and eggs for years and always like the quality. I’ve gotten some great plays from this sub and wanted to share this today because I think there’s actually some great investors and traders here. Cheers