ENTRY: 8.30 SL: 7.80 TP: 8.98 - ADX>20 - RSI<50,RSI>30 - Daily RS +ve - Daily FFI +ve - Daily MACD -ve - Weekly RS +ve - Weekly FFI +ve - Weekly MACD +ve - Retraced to 38.2 - 50% fib level and HVN area on low volume. Holding well and showing possible buyers in control on 29 Sep 2021 and 5 Oct 2021.
Wkly: RS + FFI > 0 MACD Bullish Stoch K% + D% > 70 RSI > 50 Daily: RS + FFI > 0 MACD Bearish but crossing up Stoch D% + K% > 60 RSI > 50 Price close above previous high + good volume on 5 Oct 21; 50SMA holding + above 61.8 Fibo level Entry: $8.30 SL: $7.80 TP1: $8.98 TP2: $9.37
ENTRY: 8.12 SL: 7.63 TP1: 8.82 TP2: 9.35 - ADX>20 - RSI<50,RSI<70 - Daily RS +ve - Daily FFI +ve - Daily MACD -ve - Weekly RS +ve - Weekly FFI +ve - Weekly MACD +ve - Ranging since 29 Jul 2021. - Retraced close to 38.2% Fib level (7.67) with lower volume. - Breakout with high volume today.
Wkly: RS + FFI > 0 MACD Bullish Stoch D% + K% > 90% RSI > 70 Daily: RS + FFI > 0 MACD Bearish Stoch D% + K% > 70% RSI > 60 High vol candle closing; candle retreat back to last high Entry: $8.13 SL: $7.70 TP1: $8.80 TP2: $9.35
ENTRY: 5.39 SL: 6.72 TP: 8.13 - ADX>20. Would like to be higher. - RSI<50,RSI<70 - Daily RS +ve - Daily FFI +ve - Daily MACD +ve - Weekly RS -ve - Weekly FFI +ve - Weekly MACD +ve - Broke out range on 13 Jul 2021 with high volume. - Retraced close to 38.2% Fib level with lower volume. - Up with high volume today indicating possible buyers coming in again.
Please check the chart, do not rush it in without any confirmations. Select Harvests is Australia's largest almond grower and processor, and is the third largest grower worldwide. It manages almond orchards in Victoria, New South Wales and South Australia, and is also involved in the manufacture of a variety of food snacks and muesli.
ENTRY: 5.12 TP: 4.42 SL: 5.48 - RSI<35 - ADX>20 - MAs are aligned - 40MA about to cross down 100MA - Good volume on breakdown today
background/catalyst: strong US weak AU good for AU export. Almond price good with weak US crop and strong AU corp SHV in good position. AUD/USD is still trending down. Finally break up on 12-SEP. pattern not the same as before with good follow up. position 5.33 stop loss 5.28.
SHV a potential turnaround to the upside, earnings due soon. Monitor this for price and volume velocity through $5