Based on Fundamental Analysis the idea is to go long.
Based on technical Analysis: Prices are moving sideways resting after a bearish trend.
Fundamental News:
LISHUI, China, Aug. 14, 2020 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, today announced its subsidiary Zhejiang Forest Food Co., Ltd., has received new customer orders for its dried whole mushrooms and dried mushroom slices. The customer, an investment trading company, will export the mushrooms to the U.S. and Canada.
Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented, "These latest orders represent another positive development and reflect the long-term relationships we are focused on building. We are benefiting from increased global demand, as customers seek out healthier, organic foods. Mushrooms check all of the boxes, as a wonderfully tasting, fat-free, low calorie, low sodium, cholesterol-free nutritional food. We continue to leverage our team's decades of experience to ensure reliable, high quality, flavorful products. We are also leveraging our state-of-the-art facilities to increase automation and reduce human touch where possible. We are encouraged by the healthy demand levels we are seeing, which reflect an uptick in cook at home demand, where consumers buy ingredients and do alll preparations at home."
About Farmmi, Inc.
Headquartered in Lishui, Zhejiang, Farmmi, Inc. (NASDAQ: FAMI), is a leading agricultural products supplier, processor and retailer of Shiitake mushrooms, Mu Er mushrooms, other edible fungi, and many other sought-after agricultural products. The Company's Farmmi Liangpin Market serves as a global trading platform for Chinese geographical indication agricultural products and is one of the largest platforms for consumers to access locally sourced agricultural products.
Based on technical Analysis: Prices are moving sideways resting after a bearish trend.
Fundamental News:
LISHUI, China, Aug. 14, 2020 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, today announced its subsidiary Zhejiang Forest Food Co., Ltd., has received new customer orders for its dried whole mushrooms and dried mushroom slices. The customer, an investment trading company, will export the mushrooms to the U.S. and Canada.
Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented, "These latest orders represent another positive development and reflect the long-term relationships we are focused on building. We are benefiting from increased global demand, as customers seek out healthier, organic foods. Mushrooms check all of the boxes, as a wonderfully tasting, fat-free, low calorie, low sodium, cholesterol-free nutritional food. We continue to leverage our team's decades of experience to ensure reliable, high quality, flavorful products. We are also leveraging our state-of-the-art facilities to increase automation and reduce human touch where possible. We are encouraged by the healthy demand levels we are seeing, which reflect an uptick in cook at home demand, where consumers buy ingredients and do alll preparations at home."
About Farmmi, Inc.
Headquartered in Lishui, Zhejiang, Farmmi, Inc. (NASDAQ: FAMI), is a leading agricultural products supplier, processor and retailer of Shiitake mushrooms, Mu Er mushrooms, other edible fungi, and many other sought-after agricultural products. The Company's Farmmi Liangpin Market serves as a global trading platform for Chinese geographical indication agricultural products and is one of the largest platforms for consumers to access locally sourced agricultural products.
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