ASSOCIATED BRITISH FOOD - ABF - LSE - BUY?Seems like a good opportunity to buy? Price bouncing off 50 period moving average, the stock seems to be in good upward momentum, possible target previous highs?
1.6EUR
1.21 BEUR
22.91 BEUR
About ASSOC. BR. FOODS ADR 1
Sector
CEO
George Garfield Weston
Headquarters
London
Website
Employees (FY)
133 K
Founded
1934
ISIN
US0455194029
FIGI
BBG000LC8FT6
Associated British Foods Plc engages in the business of manufacturing and trading of consumer goods. It operates through the following segments: Grocery, Sugar, Agriculture, Ingredients and Retail. The Grocery segment produces beverages, sweeteners, vegetable oils, bread, baked goods, cereals, herbs and spices, and meat products. The Sugar segment processes and markets sugar beet and sugar cane. The Agriculture segment produces and distributes animal feeds. The Ingredients segment manufactures bakers' yeast, enzymes, lipids, yeast extracts, and bakery ingredients. The Retail segment sells clothes and accessories through the Primark and Penneys retail stores. The company was founded in November 1935 and is headquartered in London, the United Kingdom.
Associated British Foods. Critical level. ABF, British multinational food processing and retail company, a real powerhouse when it comes to house hold products.
Ovaltine, silver spoon, blue dragon, Kingsmill bread, Patak's curry, Twinings, Allinson and of course Primark - leading fast fashion brand with 384 stores across 13 countries.
Tra
ABF LongMonthly, weekly pattern found
Weekly, Daily trend looking to go high as the trend line drawn
Great long opportunity
Bear Flag: PRIMARK Share Price Could Slip -18%The holding company for Primark which is known as "Associated British Foods" chart currently shows a classic bear flag formation, with a perfect straight top which is acting as a strong resistance, and an upwards trending bottom support line which mainly seems to be driven by traders looking for sma
ABF Volume Profile AnalysisIf we stay above 2231 (the week has ended there), we will go to 2401. And if we will overcome 2401 we will go up to 3018 (about 25%)
But we need take into account, that we can have false breakdown. Though this stocks loves some levels and it trades nicely according to them
ABF - Associated British Foods - Good R/R Trade Potential - BuyDaily chart analysis - Just sitting above major trend line support and trading within a falling wedge structure. Indicators show a rising RSI with MACD diverging to price. Favourable R/R trade with 1st target price 2490
abf - At support level - time to buyLooks like its time for abf to justify its relatively high current earnings rating.
Associated British Foods ~ Long Swing TradeRecently oversold with signs of new uptrend.
Hold till overbought RSI/resistance level/signs of bearish reversal
Place stop loss at 2800
Risk/reward ratio: 7
ABF - Buy With Divergence 4hr & 1hrWe have divergence to price on the 4hr & 1hr chart with MACD & RSI. Potential for a good risk reward trade here
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