Looking at the monthly chart, a H&S formed in 2008 and hit its target. The current price is near that high again and forming a similar pattern. If price breaks and holds below neck line, down side target is in the 50s. I have taken out a call and put, even if short term price goes up I am rolling my put over in hopes the H&S plays out.
Not financial advice.
The BBs are curling in and all the oscillators are coiling. A big move, up or down, will be coming this week with earnings. A breakout up will look to ~ 117 and a break down will be in the low 80s.
Not financial advise.
BG has been showing strong upside signs with moving averages crossing up.
We also see a potential Cup and Handle which strong upside to $127.57.
However, it's formed with a GAP... And as I've mentioned with many analyses, Gaps tend to close 70% of the time which could bring the price lower.
This makes this analysis a medium probability trade where I'd only risk...
OXY waving a huge flag. I'm not saying you should buy it. I'm not saying that WW3 is possible, I'm not saying that gas prices are going to go up, I'm not saying that Europe is facing a cold cold Winter. I'm saying you should do your own research.
The stock has fallen out of the bullish trend channel and the last candlestick has long shadow.
RSI is 51 and heading down. The MACD, DMI gave weak bearish signal too.
Entry price: 99.5
Target price 1: 92 +8.1%
Target price 2: -
Stop loss: 102 -2.5%
Period lenght: 7-8 days
Took positions in BG last year, & ended up trading out too soon. Here is a good dip & options are cheap, not trading advice just a MACRO play. As long as food prices are going up & Russian Export Taxes are increasing then Wheat Grain & Biofuels might still be valid fundamentally. Bunge is a global player so please check out their Fundamentals, SEC Filings &...
I noticed looking at a few filters on my screener that there was some high dividend yielding companies all showing good benjamin graham numbers. It was immediately obvious to me that the vast bulk of them were in the financial sector, with the narrative of most of the worlds developed populations life changed by huge degrees and the flow of money slowed...
We have a 3rd Eliott Wave completed with RSI on Over Bought.
MACD is getting horizontal.
I think it will throwback to confirm the break over the TL, it will let the price breath for a while to take another impulse and complete the cycle.
We can expect the throwback right on TL what coincides with 0.618 of 3rd impulse and 1 of all the swing.
5t wave objective...
BG is on a bear channel since the end of 2017.
Today it break the trend line that works as resistance.
DMI says it's very BULLISH
But RSI it's close to overbought zone.
Then we can expect a Throwback on the Old Resistance and then if fundamentals and notices goes with us.
First Obejctive at $62 (20,5% from current price)
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