Alico Inc NASDAQ:ALCO produces citrus fruit, while engaged in catle ranching and conservation. So is in the Agricultural Operations Industru Group and is Ranked #1 in Profit Margins. Although, for the six months ended 31 March 2022, Alico, Inc. revenues decreased 7%. The thing is that the technicals are showing strength. With a IBD RS rating of 94, ths stock...
volume picking up here which indicates to me a breakout either way as follows. BEAR SCENARIO (RED) break to the downside would see a reversal 'Diamond' retest of the redline ($32.11) then down would be a poss entry. Daily time frame BULL (GREEN) break to the upside forming bullish 'pennant' with retest of greenline ($35.34) then up to fib targets. Targets will...
Well, this is my first idea, I have never traded ALCO before, therefore I am excited. The idea is based on Ian Copsey's harmonic wave structure. Any objections are more than welcome!
ALCO is a tough one to call. There are more negatives than positives, yet it is in a good industry, because the "soft commidities" are in the midst of an uptrend. Alico-is an agribusiness and natural resources management company. TRADE-MAP (what each letter means): 1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining...