BG , another strong uptrend with a wedge drop n pop entry setup . Food related theme .
Strong group and BG is among one of the leaders .
High institutional interest as they hold 88% of the float and transactions are positive.
Avg daily volume is currently 1.36M , good .
Strong technical with recent 52 Wk high's made .
*Has shown strength throughout the general...
The rise of inflation has investors quietly returning to many commodity-related stocks that were popular 2003-2007. One of them is Bunge.
Earlier this month, the soybean processor touched its highest level in over 13 years. It pulled back but is trying to stabilize around the same $92 area where it peaked last May. Is old resistance new support?
BG is also near...
Recent earnings were terrific. Sales plus 39%, massive earnings beat and they guided higher for next quarter.
Looks like its giving another opportunity to buy.
Took positions in BG last year, & ended up trading out too soon. Here is a good dip & options are cheap, not trading advice just a MACRO play. As long as food prices are going up & Russian Export Taxes are increasing then Wheat Grain & Biofuels might still be valid fundamentally. Bunge is a global player so please check out their Fundamentals, SEC Filings &...
* Steady earnings
* Starting a new trend higher
* High relative strength in the Consumer Defensive sector
* Pays dividends
* Breaking out of a base that dates back to 2007 with higher than average volume (42.34% higher)
* Forming a very well shaped cup and handle pattern
* Maximum probable ROI for this trade is 24.83%
Trade Idea:
* This is the perfect time to...
The agricultural sector will come to the fore with the expectation of rising commodity prices in the future and drought worldwide. Momentum set to continue in 2021 with $7 in EPS expected. Even if there is a retracement in prices in the short term, the share price will rise above the peak price of $92 in 2015.The company increased its revenues, sales and...
BG long term plan - short in Sept-Oct 2021 at 95 area. Expect to see -80% downside from peak to low. Looks like commodities won't be feeling well in 2022.
I prefer company stock because of fee when consider long term position. This time is for expected commodity cycle.
But both of ADM/BG have been diversifying businesses and seems like not so much co-relation. Any better idea?
We have a 3rd Eliott Wave completed with RSI on Over Bought.
MACD is getting horizontal.
I think it will throwback to confirm the break over the TL, it will let the price breath for a while to take another impulse and complete the cycle.
We can expect the throwback right on TL what coincides with 0.618 of 3rd impulse and 1 of all the swing.
5t wave objective...
Bullish Pennant breaking out after a 7-month uptrend.
Trying to capture the breakout right out of the gate and eventually lock profits well before the target, which I believe to be the best strategy given the period.
I am being very selective lately and I only trade when I see very limited risk, with potentially great rewards. This is why I like this setup....
BG is on a bear channel since the end of 2017.
Today it break the trend line that works as resistance.
DMI says it's very BULLISH
But RSI it's close to overbought zone.
Then we can expect a Throwback on the Old Resistance and then if fundamentals and notices goes with us.
First Obejctive at $62 (20,5% from current price)
Will see.
Hey traders, BUNGE LIMITED is in an uptrend with stable volume and a pent-up attempt by buyers. On the TIMEFRAME 1 Min there is a collapse of the title with a refusal from the sellers, it goes towards its last next lower to return to the rise. In this situation it leaves to fill its bullish gap then to go on its next high. And finish at the top of the previous...
It appears BG has some unfinished business to attend too. After opening a window to lower price levels it now appears to be attempting to close the window it open, note arrow. Windows can be used as support, resistance, and price targets. After re-testing the bullish breakout from the triangle pattern, higher price levels could be ahead for BG. Note...
