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Dec 12, 2018 9:27 AM

ADM Approaching Support, Potential Bounce! Long

Archer-Daniels-Midland CompanyNYSE

Description

ADM approaching support at 43.44 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 46.75 (38.2% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 4.03% where a corresponding bounce could occur.
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