$ADM potential for long positionPrice from 39 to 35 and moving from upper parallel of upsloper (blue/red) to lower parallel and now a move above yellow upper parallel of downsloper: Odds for higher prices are increasing.
ARDA trade ideas
A Bottom Bullish Triangle DetectedV-not yet confirmed but it looks this bullish bottom triangle has some upside merits and has a projected upside target $40 zone with tight stop at recent swing low at $31.5 zone
BULLISH WOLFE WAVE. BUY ADM:FTSE 100Aggressive Entry @ 32.00 with STOP @ 31.00
Conservative Entry @ 37.00 with STOP @ 35.00
Target @ 47.00
Time-frame: Hold for 2/3 Months.
ADM-nice diamond brokenAfter some consolidation the pattern was broken today to the upside.
This usually means a trend change or deeper correction.
The weekly chart analisis supports also a bullish bias:
Good luck
Looks like a reliable indicator. At least in this case.To open a long position now and close when the histogram will change its color to gray.
