Upward trend consolidates in the form of a symmetrical triangle.
The price breaks out of the triangle and has technical potential to about 80.14.
I would set the SL at around 62.30.
* Good earnings in the recent quarters
* Good general up trend in the long term
* High 3-month relative strength of 1.04 in the Consumer Defensive sector
* Breaking out of a 7 month base with higher than average volume
* Has a U/D ratio of 1.24 meaning it's under accumulation.
Trade Idea:
* Due to the market conditions I'd suggest you wait for a better entry...
Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart:
1. Price levels are working well.
2. Globally uptrend locally uptrend.
3. The level 69.69$ is confirmed by many touches.
4. Near test, but we don't see an impulse.
5. Approached with big bars *open W1*
6. Approached with almost no rollbacks
7. There is accumulation for the last 5 days *open...
ADM is once climbing near the resistance level. Will it break out this round or it will break down like before? to answer this question, observing the volumes of this stock might help you reach your conclusion. If volumes increase, the chance for it to break out is high and vice versa. Another factor is we are in the Thanking giving rally now. Assuming no black...
Stock above EXMA 200 and still in uptrend Stock is making higher low and tests the EXMA 13 and EXMA 34 So you can buy target 65 stop loss 57.4 Good luck
NYSE:ADM
ADM price recovery play
Record 2nd quarter earnings with improvement on all operating segments
Short term Price action based on daily chart supportive of a speculative play to the long side
Moxie Long hourly setup. This setup is based on 50-200-50 maneuver (Price crosses the SMA50, rejected by SMA200 and tests the SMA50 again, long when it clears SMA200)
ADM is coming down to the 1st Fib retracement level and it's major trendline from the March 2020 lows. RSI on the Daily is showing bullish divergence and the MACD is starting to curl upwards. This could be a good swing trade. I will buy around 59.72 as the Algos like to take out stop losses just below the trendline. Bearish scenario would be a break below 58.5 and...
ADM has been going through strong bull runs, consolidations and then continuation from the consolidation back up.
This looks like another set up for a continuation up. The market has run up, in part perhaps due to the commodity price increases and is now consolidating, perhaps as commodities cool off or maybe just old fashioned profit taking at a new...
