Archer-Daniels-Midland (ADM) has stochastic divergence on trend line support. There is a gap to fill above the target zone that could lead to an extra 2.5% Buy: 39.65 Target: 40.31 - 41.37 (1.68% - 4.35%) jbzstocks.com @jbzstocks
Long > 47.9 Stop - 47.39 Target - 48.5
Think there could be more out of this break - any ideas?
Some stocks seem to show weakness after the bull run off the February lows, but ADM seems to holding up quite well. I still like the gradually emerging new " inflation coming " theme, I will therefore closely monitor ADM, DBA, MON, MOS, VALE, FCX, Rio Tinto, BHP Billiton and several other names, including ETF`s.
Price was rejected by the WEEKLY 200 MA at approx. 39.90 - 40.00USD, but I expect re-accumulation in the course of this year. I will watch this each week and post if I see a better entry level.
the game of probabilities, the fact is, we have a local trend, and the fact is, it's a nice pullback. At break of 38 I would sell
Price from 39 to 35 and moving from upper parallel of upsloper (blue/red) to lower parallel and now a move above yellow upper parallel of downsloper: Odds for higher prices are increasing.
V-not yet confirmed but it looks this bullish bottom triangle has some upside merits and has a projected upside target $40 zone with tight stop at recent swing low at $31.5 zone
Aggressive Entry @ 32.00 with STOP @ 31.00 Conservative Entry @ 37.00 with STOP @ 35.00 Target @ 47.00 Time-frame: Hold for 2/3 Months.