Recently, the leading packaged food company ConAgra Foods Inc (NYSE:CAG) has declined sharply on the charts. The stock topped out on August 5th, 2013 at $37.21 a share. Since that time, ConAgra Foods Inc stock has been steadily declining. Last week, the food company warned of a 7% decrease in consumer goods volume. This news has certainly put pressure on the stock...
When i first started to look at this chart I was not very happy that i was spending time with it.
However the more time I started to analyze the chart, I began to like some of the confluences of where price may go to.
The 2.618 extension, lines up with a prior top of a w bottom.
I just cant seem to find anything that points out from me seeing the market respecting...
For me is a bat. =)
Now, you take a look at the divergences of the price, we have a triple button!!! touching downward trendline resistances, stochastics looking very good for get out of this oversold level, and we have to see if this new move get hight to the $33 level, because into it, we gonna have some buying for the next week.
This is an especulation,...
For me is a bat. =)
Now, you take a look at the divergences of the price, we have a triple button!!! touching downward trendline resistances, stochastics looking very good for get out of this oversold level, and we have to see if this new move get hight to the $33 level, because into it, we have some buying for the next week.
This is an especulation, don't...
