BG daily pinnacle pattern wave 4BG daily pinnacle pattern wave 4 don't be greedy ABC correction is to follow
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About Bunge Limited Bunge Limited
Sector
Process Industries
Industry
Agricultural Commodities/Milling
CEO
Gregory A. Heckman
Website
bunge.com
Headquarters
St. Louis
Employees
23K
Founded
1818
ISIN
BMG169621056
Bunge Ltd. operates as a holding company. engages in the supply and transportation of agricultural commodities. It operates through the following segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment is involved in the purchase, storage, transportation, processing, and sale of agricultural commodities and commodity products. The Refined and Specialty Oils segment engages in the processing, production, and marketing of products derived from vegetable oils. The Milling segment consists of the processing, production, and marketing of products derived primarily from wheat and corn. The Sugar and Bioenergy segment includes the manufacture and marketing of sugar and ethanol derived from sugarcane, as well as energy derived from the sugar and ethanol production process. The company was founded by Johann Peter Gottlieb Bunge in 1818 and is headquartered in St. Louis, MO.
Bunge - nice short oportunityBig picture indicates Bunge has completed wave b of larger degree wave 4 (started in 2008) and has printed wave (1) of circle C targeting 25-30 level. Expect to see a pb in (2) up to 110 zone. Be prepared for a strong move down in wave (3) over the next 10-12 months. See similar set-up in FCX.
BG Geometric Projection: All-Time HighBull trend will continue, expect all-time high. Next possible major top: 146.5 on Jun 2024.
Possible H&S on BGLooking at the monthly chart, a H&S formed in 2008 and hit its target. The current price is near that high again and forming a similar pattern. If price breaks and holds below neck line, down side target is in the 50s. I have taken out a call and put, even if short term price goes up I am rolling my
Imminent Move for BGThe BBs are curling in and all the oscillators are coiling. A big move, up or down, will be coming this week with earnings. A breakout up will look to ~ 117 and a break down will be in the low 80s.
Not financial advise.
BG - Bullish TakeBG has formed a bullish structure above a down channel and above another channel
I expect price to show a rise which I have displayed with the bars pattern tool
Bullish take
BG could head to $127.57 with a warningBG has been showing strong upside signs with moving averages crossing up.
We also see a potential Cup and Handle which strong upside to $127.57.
However, it's formed with a GAP... And as I've mentioned with many analyses, Gaps tend to close 70% of the time which could bring the price lower.
This m
BG weekly bearish hammerOrder SELL BG NYSE Stop 82.57 LMT 82.57 will be automatically canceled at 20230401 01:00:00 EST
BG weekly bearish hammer if we break lower will run into next support.
$BG with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $BG after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
BG weak sellThe stock has fallen out of the bullish trend channel and the last candlestick has long shadow.
RSI is 51 and heading down. The MACD, DMI gave weak bearish signal too.
Entry price: 99.5
Target price 1: 92 +8.1%
Target price 2: -
Stop loss: 102 -2.5%
Period lenght: 7-8 days
See all ideasย
This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
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