littleriver

Making a case for FARM

BATS:FARM   FARMER BROS CO
142 2 0
Found this today while researching. I do not hold a position in it . I would have liked to have found sooner for an entry on that reversal candle but no dry powder anyway for this play. What we have is what looks to be a trend reversal. I have highlighted the reversal engulfing bull candle with volume that formed on the end of the inverted head and shoulders reversal formation. That is followed by another green candle today breaking the downtrend line and confirming the reversal. What I see driving this Bull is divergence in the underlying commodity, Coffee             . Drops in the price of coffee             can and do lead to an rise in FARM( a coffee             retailer). Coffee             has been falling but Farm has been flat. Looking for a bullish move here.
littleriver
3 years ago
Looking for a possible throwback to retest the neckline as we approach the top of the flag. We could blow through that red line and as good as that would be a tight stop loss is not a bad idea either.
Reply
littleriver littleriver
3 years ago
snapshot
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out