Momentum Play for PlantX

2022年3月22日

After over a month of trading sideways with low volume, both of PlantX's tickers (CSE: VEGA)(OTCQB: PLTXF) are exhibiting encouraing signs of a bullish reversal. First off, PVT has been following a nice step-ladder pattern over the course of March, with the most recent and significant "step up" starting on 3.18 and continuing yesterday after the weekend. MACD is also flying high, with a strong positive differential in the signal line, green histogram, and the most positive overall value seen by VEGA.CN YTD. The last part of the equation is short activity--short activity for VEGA decreased by some 160k shares to 458 from 2.28 through 3.15. With the books cleaner and a back-up of delayed asks cleared, VEGA may be cleared for a nice run of gains in the short/intermediate term.