ROGERS SUGAR INCROGERS SUGAR INC
There is a strong, wonderful, and potential low-wage period during this week A fraction of the trend line is very strong I love and the minerals of God will be successful
RSI trade ideas
Time to go Long Sugar?RSI breaking out of downtrend that started in 2017. Price may break out as well.
RSI Bearish PennantAfter a bearish pennant formed just a few weeks ago, another has appeared to form as well. Trendlines aren’t the strongest but that’s mostly due to my lack of experience. Last few days it’s had some very long upper shadows on candles. The stock has also dropped after earnings on the last 2 reports and will post earnings after the trading bell today (feb 10). This scenario suggests that a short would be a favourable trade here.
Sugar - TradeI love Sugar.... I love the Dividends.
RSI had a good run, benefited from low energy costs.
I am taking profit to keep cash on the side-line for the inevitable mrkt correction.
I will re-enter below 5.65 if the fundamentals stay solid.
On Balance Volume is weakening, this could be an indicator that investors are switching to cash or trading to high flying stocks.
Ichimoku 3/5 bear
23-Nov-17 6.23 Bear Chikou Span Cross Strong
" " Bear Kijun Sen Cross Neutral
" " Bear Kumo Breakout
21-Nov-17 6.50 Bull Senkou Span Cross Neutral
" " Bull Tenkan/Kijun Cross Weak
