CGA BUY/LONG INCOMING! 6.25 to Potentially 25.50 by End 2021TICKER CODE: CGA
Company Name: CHINA GREEN AGRICULTURE, INC
US Stocks Process Industries Chemicals: Agricultural
Position Proposed: BUY
Entry: NOT READY (6.25-6.40)
1st Partial Take Profit: 18.20 (August-Sept 2021)
2nd Partial Take Profit: 25.50 (End 2021)
Stop Loss: 3.85
Technical Analysis
1. Large Monthly Falling Wedge
2. Large Monthly Inverse Head & Shoulders (Expected TP @ neckline)
3. Fibonacci Retracement expected to hit 0.786
inline with Horizontal and trendline area
of confluence
4. 1st Partial Take Profit at Fibonacci Expansion Level 1 Grey Zone
5. 2nd Partial Take Profit at Fibonacci Expansion at 1.618
CGA
$CGA - risk / reward - Earnings Play: Higher LowsCGA - Overall, it is still bearish however, possible short term play while China ticker and $SEED is picking up on volume.
MACD histogram is getting closer to 0
RSI is still below 68 but trending higher
Low volume
Trending up with buyers accumulating last week
Earnings coming up 11/18 finviz.com
Trade IDEA:
SWING: Buy within orange line; stop loss .02 or at red line
DAYTRADE: Buy over .77 (watch RSI strength and Volume increase) / tight SL .03 if it fails
Take Profits at the green line (scale out)
Possible run up to .90
Long CGAGood Fundamentals long from before. They recently announced their on-line selling platform in brick and mortar business is doing better then expected. Bellow 2 P/E 0,2 P/B nice cash. No Debt... Growing Sales
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