ENTRY: 1.705 SL: 1.81 TP1: 1.665 TP2: 1.585 - ADX<25. Would like to be higher. - Daily RS -ve - Daily FFI -ve - Weekly RS +ve - Weekly FFI -ve - Moving averages are aligned. - Price breakdown from uptrend line on 20 Sep 2022 and rejected it on 26 Sep 2022 where it also breakdown from 200EMA. - Entry based on today from pullback and rejection of...
Just a brief comparison of ASX agriculture stocks against the SPY and XJO. with global food supply under stress, food supply is looking good.
There may be a pullback to 1.33, but the direction is now up for a very very long term.
Don't forget to wait for trendline break, and a retest along with bullish candle stick pattern to go long. ASX:AAC
Buyers have broken upper trend line in an uptrend for continuation
Long soft commodities as resession of global industries is comming.
PRICE IS ABOVE ICHIMOKU CLOUD AND RETRACING TO DEMAND ZONE. LOW VOLUME INDICATES DOWNTREND IS WEAK. STOCHASTIC IS IN THE OVERSOLD ZONE. LOOKING FOR BUY OPPORTUNITY IN THE NEXT FEW DAYS, TARGETING $1.465 LEVEL
Heading into long term support