NYSE:BG   BUNGE LTD
BG
6 0 1
bg
NYSE:BG            

05JUN16 -
Stock looks like it is going to reverse at heavy resistance / trend channel that is in confluence with the 0.5 fib level at $69 and is heavily overbought on the RSI (80).

Entry criteria:
  • Long Position - Breakout from the downward price channel and a base of support at $69.
  • Short Position - If we get confirming bearish candlestick formations at the stop of the channel supporting by weak market performance over the week, potential to enter short and ride to $62

United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out