QuantitativeExhaustion
Long

Agriculture set to BOOM -- Monsanto Measuring a Steep Deep Cup

NYSE:MON   MONSANTO COMPANY
Commodities Booming
Agriculture is lagging for now. However, green shoots are starting to percolate.

Cup Pattern

Target 1 100
Target 2 108.50
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Comment: The price tag for Bayer to acquire Monsanto would be about $65 billion, Citi Research analysts P.J. Juvekar and Daniel Jester wrote in a note to investors Thursday.

65 Billion @ $131 a share (not enough) Shareholders will reject the offer.
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Double Bottom - Cup Pattern Completion
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