ADM is also approaching our first resistance where we might see a drop below this level to our first support level. Stochastic is also seeing a drop below this level.
USOIL is approaching our first resistancce at 59.96 (61.8% fiboancci extension, 50% fibonacci retracement , horizontal pullback resistance) where a strong drop might occur below this level pushing price down to our major support at 51.08 (horizontal swing low support, 50% fibonacci retracement ). Stochastic (89,5,3,) is also approaching resistance where we are...
ADM is approaching our first resistance at 47.15 (horizontal overlap resistance, 61.8% fibonacci extension, 61.8% fibonacci retracement) where a strong drop might occur pushing price down to our first support at 43.26 (horizontal overlap support,50% fibonacci extension). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop...
ADM approaching support at 43.44 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 46.75 (38.2% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is approaching its support at 4.03% where a corresponding bounce could occur.
Admiral is looking pretty sick while the overall market hits new all time highs. The shares have failed at trend resistance and also the neckline resistance of the top pattern. The shares are making new lows on a relative basis and look set to continue lower in the near term. The shares will be particularly vulnerable should the FTSE100 undergo a correction....
Hi all, I only take positions on the daily/weekly chart when trading companies as they are not open 24hr and I find my win rate is higher historically Reasons for to go short - moving averages or bearish - old support is now resistance - descending channel - RSI is bearish - candle on the 4th Jan 2016 broke below candle (indecision) on the 3rd Jan 2016 -...
Some stocks seem to show weakness after the bull run off the February lows, but ADM seems to holding up quite well. I still like the gradually emerging new " inflation coming " theme, I will therefore closely monitor ADM, DBA, MON, MOS, VALE, FCX, Rio Tinto, BHP Billiton and several other names, including ETF`s.
Price was rejected by the WEEKLY 200 MA at approx. 39.90 - 40.00USD, but I expect re-accumulation in the course of this year. I will watch this each week and post if I see a better entry level.
the game of probabilities, the fact is, we have a local trend, and the fact is, it's a nice pullback. At break of 38 I would sell