BobGeeRock

ADM climbing to the resistance level again

Long
NYSE:ADM   Archer-Daniels-Midland Company
ADM is once climbing near the resistance level. Will it break out this round or it will break down like before? to answer this question, observing the volumes of this stock might help you reach your conclusion. If volumes increase, the chance for it to break out is high and vice versa. Another factor is we are in the Thanking giving rally now. Assuming no black swan, based on histories the market will usually go up around 3% until early Jan. next year. If you are buying in right now, a good approach is to buy 15% to 20% and set a loss limit. If it break out you add more at that time, if it goes south then let the loss limit execute. A little goes a long way. Happy trading and have a great thanksgiving.
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