Get started
TradeGATEHub

ADM approaching resistance, potential drop!

Short
Archer-Daniels-Midland Company (NYSE:ADM)  
TradeGATEHub  
NYSE:ADM   Archer-Daniels-Midland Company
Trend Analysis Harmonic Patterns Chart Patterns ADM admlong admshort
34
0
trendanalysis harmonicpatterns chartpattern adm admlong admshort
ADM is approaching our first resistance at 147.15 (61.8% fibonacci retracement, 61.8%, 100% fibonacci extension) where a strong drop might occur below this level to our first support at 43.26 1(50% fiboancci retracement).
Stochastic is also approaching resistance.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.