ENTRY: 5.39
SL: 6.72
TP: 8.13
- ADX>20. Would like to be higher.
- RSI<50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS -ve
- Weekly FFI +ve
- Weekly MACD +ve
- Broke out range on 13 Jul 2021 with high volume.
- Retraced close to 38.2% Fib level with lower volume.
- Up with high volume today indicating possible buyers coming in again.
Please check the chart, do not rush it in without any confirmations.
Select Harvests is Australia's largest almond grower and processor, and is the third largest grower worldwide. It manages almond orchards in Victoria, New South Wales and South Australia, and is also involved in the manufacture of a variety of food snacks and muesli.
background/catalyst: strong US weak AU good for AU export. Almond price good with weak US crop and strong AU corp SHV in good position. AUD/USD is still trending down. Finally break up on 12-SEP. pattern not the same as before with good follow up. position 5.33 stop loss 5.28.
