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ASTRAL FOODS LTD
Short

Astral- Rotten egg

49
Astral expects a 90% drop in earnings as their input and feeding costs exceeds the sale price of chicken...Well the chart says it all. It doesn't look pretty. It's trading well below both the 50 and 200 day moving averages and I can't see it getting any better. I can see this stock going down back to 135.00/140.00 where there is significant support. I might even swing long at those levels but for now it's SELL, SELL, SELL!

RobbyP
Chart Patterns

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart Patterns
RobbyP

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.