High and tight: That’s the pattern in fertilizer stock CF Industries.
Notice the sharp rally from the 200-day simple moving average (SMA) since the middle of September. It planted CF above the $56 level where the stock previously peaked in October 2018 and May-June 2021.
Interestingly, CF tried to test back toward that level on Monday but immediately found...
Downside risk in $CF is pretty low here, can break out and rally toward the targets on chart within the next few days.
Can be a good position to have for roughly 9 days.
Cheers,
Ivan Labrie.
Pattern recognized: Running flat
Hypothesis: Bullish
Conclusion: waiting for LDC on 5 min. Too early to buy calls as an earnings play in my opinion.
***This does not constitute financial advice.***
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Recently, I was exposed to Wyckoff Events and Phases and discovered that the triangles I use is a Phase in Wyckoff Events
Therefore, they get more significance even to those who doubt this amazing pattern,
This specific ascending triangle is Phase c in the Accumulation Schematic of Wyckoff where bottoms r made.
Let's c how and if it works by the book?
Hi friends
the daily chart of this market shows a downward trend in the coming days with a vigilance of reversing this market towards the opposite direction
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Hi, today we are going to talk about CF Industries Holdings and its current landscape.
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