ENTRY: 1.705 SL: 1.81 TP1: 1.665 TP2: 1.585 - ADX<25. Would like to be higher. - Daily RS -ve - Daily FFI -ve - Weekly RS +ve - Weekly FFI -ve - Moving averages are aligned. - Price breakdown from uptrend line on 20 Sep 2022 and rejected it on 26 Sep 2022 where it also breakdown from 200EMA. - Entry based on today from pullback and rejection of...
Just a brief comparison of ASX agriculture stocks against the SPY and XJO. with global food supply under stress, food supply is looking good.
There may be a pullback to 1.33, but the direction is now up for a very very long term.
Don't forget to wait for trendline break, and a retest along with bullish candle stick pattern to go long. ASX:AAC
Buyers have broken upper trend line in an uptrend for continuation
Long soft commodities as resession of global industries is comming.
Heading into long term support