Uptrend
Passing out of a price level has been important for me especially if the level is major one.
I will get this position if it confirmed above this level properly by setting a SL about 53 and targeting around previous high.
I am publishing a series of the best stocks with the highest growth rates that I expect over the next few years. Today with the Corteva share with a target price of 91$
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 45/61.80%
Chart time frame : C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our...
Agriculture commodities are coming back up pushing this stock up as well. I opened a small position today but I think is going to pull back so I'll add then. Looks like a bearish channel but also like a bull flag, either way it bounced off the bottom very hard and I think it will eventually break out. I could take a few weeks, be patient.
CTVA had a nice uptrend recently but has had a healthy pull back to the 78.6 fib, which it has held and now looks like it's flagging. In this choppy market, it's holding up well
Starting to break out of the declining channel pattern.
A price action above 55.30 supports a bullish trend direction.
Remains above its 200-day simple moving average.
Upside price momentum supports the bullish trend direction.
RSI leaves enough room for further upside price potential.
MACD crossover also confirmed a change in trend direction to bullish.
CTVA gapped up yesterday and made a New All Time Highs
Breakout Confirmed
Missed last earning by 5%
But overall earnings are fine
Volume is trading slightly above 50DMA
Pays out dividends
* Strong up trend
* Sector: Basic Materials - Agricultural Inputs
* RS vs. Sector: 3.42
* RS vs. SP500: 2.17
* U/D Ratio: 1.7
* Base Depth: 20.18%
* Distance from breakout buy point: 5.56%
* Volume 39.11% above its 15 day avg.
* For the past 4 weeks $CTVA as been ranging between $49.24 and $52.24 while the general market has been falling.
* A U/D ratio of 1.7...
Stock recently broke out of a ~10 month base and is forming a very tight VCP / high handle.
The stock continues to make new relative strength highs, giving very little back while the indexes struggle, showing its superior strength relative to the overall market.
Look for a breakout over the February 9 closing print of $51.54 with a stop just below the low of the VCP.
The asset Has now shown great amount of weakness prior to making an All-time high. This can be a worthy setup for a short swing. Keep in mind Fed's meeting on Wednesday can bring in great amount of volatility to the market.
* Exceptional earnings
* Very strong up trend
* High 3-month relative strength of 1.24 in the Basic Materials sector
* Pays out dividends and two quarters back it increased its dividends
* Breaking out of a cup and handle pattern
* Also offering a pocket pivot entry
* Base of the cup is ~8 months long and ~17.6% deep
* The stock is relatively new and this is...
Corteva, Inc.
Corteva, Inc. - CTVA has a BULLISH trend
Argus
Outlook:Bullish
Long Term Target:54.00
Current Price:46.01
On August 5, Corteva reported an adjusted 2Q21 operating profit from continuing operations of $1.043 billion or $1.40 per share, up from $944 million or $1.26 per share in the prior-year period.
The higher earnings reflected higher pricing and...
