What The AppHarvest SPAC Could Mean for American Agriculture

 
October 2, 2020
 
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AppHarvest SPAC Will Revolutionize American Agriculture
The AppHarvest SPAC deal that hit the markets caused Novus Capital to shoot up 20% as soon as merger plans went public Tuesday.

And I can get behind that — it makes sense to invest in a company like this when COVID is showing people how important it is to be self-sufficient... and efficient when it comes to having enough produce for everyone.  

Might I remind everyone of the toilet-paper fiasco earlier this year?

Now more than ever, people need quality food, and they need to know where it came from and that it is safe. Even grocery stores are getting behind the grass-fed movement by including more and more local and organic produce options.

The world of agriculture needs to change in order to meet the demands of rapidly growing and hungry consumers — and it looks like AppHarvest is poised to do something about it.
Why I'm interested in AppHarvest
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Divergence occurs when the stock price and another key indicator move in opposite directions on a chart. Divergence in technical analysis may signal a major positive or negative price move. Positive divergence occurs when the price of a security makes a new low while a key indicator such as RSI, Stochastic, or MACD starts to climb. Conversely, negative divergence is seen when the price makes a new high but the indicator being followed closes lower.

 
 
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