Been following this analog since mid 2012. I am long since a while back in options since it's the best risk reward in this broken stock. Yes, it is broken..
I have been playing AAPL like ZS since around mid 2012, to mark the top. It is lagging. so you have to stretch it.
But it's very contructive.
What this means is that people will be playing this trough the options market.
Buy signal with broken angle c but need to break above angle d for continue bullish movement,,,
Need to break angle b and important angle a for bearish movement in price,,,
Buy signal with broken angle c but need to break above angle d for continue bullish movement,,,
Need to break angle b and important angle a for bearish movement in price,,,
Soybean normally starts its seasonal decline in May as planting is well established and the crop growing season is well underway . The chart pattern is also suggesting a possible decline with target objective 1300 in the short term. A trade below 1337 support is going to confirm a long term decline. Weekly chart:
Soybeans trend study: Soybeans approaching major trendline and support area. A trade below 1330 here is going to project the price to the next support area and median line. I'm considering long puts.
The trend is up. The market retraced again towards the up-sloping parallel line and seems ready for another move up. Seasonal usually strong. Buy May Soybean above today high with target 1500!
After the low posted on 11Jan price has found resistance at 1500 and retraced to the current 1400-1430 level. Uptrend should resume at this point. Price is supported by the up-sloping parallel line and is inside the 0.618 Fib buy window. I would buy above 13 Feb high (1430) with target objective at next resistance area (1540). Ambitious but possible. If target is...
Soybean posted a clear double bottom last Friday. This coincides with major support and long term trend line. I would buy above Friday high with a short term target at 1433. A bigger W formation is also forming in the chart but needs to be confirmed later. Feed back please!
Long term trendline is acting as support. Stochastic divergences noted in the last five days. Buy above today high with shrt temr target on the 20MA (1460) where a rest could happen, Stop loss as indicated. Above this target a second target is around 1550.
I bought the 1st position long. My profit target is around 1 bullish candle only. In case of falling prices I will buy more. It is not an easy trade and following can cause high risk.
WATCHING FOR A TOP
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Why? Well, I just drove across the country (Tues-Wed last week, 1800 miles in two days) westbound from CT to CO and I saw nothing but very dark, green, leafy soybean plants the whole way across route 70 to Kansas and across route 80 to Greeley. My guess is that soybeans produce far greater than expected and...
