American Vanguard moving higher off old supply.

90 10 1


Yesterday AVD             reported earnings with a beat. If price holds here , it looks like we have nice opportunity. Price also happens to be coming off old demand level . I have a stop at 12.28 with a first target at 13.80 and a second target at 14.89.

A little unconfirmed double bottom with fisher divergence setting up here.
2use littleriver
Did it just go out of the fork completely?
Yes it did . I was looking at the chart and this play has a habit of big moves south before heading north. Will it recover this time? I can not say. Here is another chart; this time I drew the fork with a wider perspective. I have highlighted some of the other occasions I am talking about. As the chart illustrates, just before the current bull run began there was a big move south out of the fork. Not good but not ready to fold the tent yet.
littleriver littleriver
2use littleriver
still within it
To throw fuel on the fire, there is a really nice double fisher spike signaling exhaustion followed by divergence to boot.
2use littleriver
Is that a bullish sign?)
In my view, Yes it is . Look back at the ACI 30 minute charts I posted. You will see a similar fisher. We have fisher making higher lows while price is making lower lows. One may not always get the bullish move but I have seen enough pan out that I do look for it.
2use littleriver
Im not doubting, i actually would like to know your opinion. Without any lie, i do like your charts and check most if not all of them. I even add some as points to decisions i make, so thanx for the prompt replies and lets see how this pans out. Markets are still not off the hook for being too lousy
I have learned the hard way that a diverging fisher is not enough. So, I now look for it in concert with a host of other bullish signs. But, as you must know, sometimes even the best plans fail. As I continue to learn this business of Technical analysis, I am doing my best through the charts i share to express these ideas. Thank you for your feedback and I apologize for any misunderstanding. Indeed , the overall market looks lousy to me too.
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