This is based on my dowsing method and is for my own journaling purposes. I don't know this stock and haven't looked at the chart before.
My indications are we may see a pop after earnings tonight of 5.5% and reverse down 18%. That would be something, so we'll see.
I couldn't find any ETFs for oranges, I don't think one exists. In instances like this you have to get creative.
In one of my value scanners, I found a citrus company $LMNR Limoniera. International citrus producer.
I've been long this stock since it the mid-$14s.
If the thesis on commodities, oranges, and global reflation turns out to be even somewhat correct,...
Rewinding RAVN to 11/25, you can see just how similar the current trend in LMNR is, especially the current price in relation to the 200 day EMA (black line).
Since 11/25 RAVN has increased +25% with the stock closing at 33.03 on 12/11.
Similarly, I expect LMNR to reach $18 within the next 10 trading days.
A micro cap with water rights I like. Discovered this stock when searching for Water Stocks. Monthly chart looks good. I think we make a run at 30 potentially this year year.
