ARL - Head and Shoulder Pattern?
HELP
The Macd on the Daily Chart has been trending upwards but the price is trending down for weeks now.
The Monthly Chart seems to indicate a monstrous Head and Shoulder pattern which spells disaster.
The company is trading at a PE of 7 which is low for a poultry company. Is there a poultry disaster on the horizon? Bird Flu? Massive oversupplies of birds which will flood our markets?
Company results are expected to be only 17% down year and year so it should break upwards.
Any clever analysts out there who can help?
express.co.uk/news/world/1357207/bird-flu-news-netherlands-virus-outbreak-pandemic
The Macd on the Daily Chart has been trending upwards but the price is trending down for weeks now.
The Monthly Chart seems to indicate a monstrous Head and Shoulder pattern which spells disaster.
The company is trading at a PE of 7 which is low for a poultry company. Is there a poultry disaster on the horizon? Bird Flu? Massive oversupplies of birds which will flood our markets?
Company results are expected to be only 17% down year and year so it should break upwards.
Any clever analysts out there who can help?
express.co.uk/news/world/1357207/bird-flu-news-netherlands-virus-outbreak-pandemic
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.