Longer term chart shows this stock has plenty of room to the upside in the coming year. Goodluck Opinion only.
Have a wonderful New Year everyone!
Support around 28, 200MA vicinity, resistance resides on 50MA around 31
Buy the reversal back to the trading range, if strong follow-through continues, then we want to see the break of range and pullback to range high, then high potential for trend continuation.
As an extension to our recent post on the US Materials Sector, we have identified 8 US stocks which we think could strengthen in the coming months. Of particular interest is Mosaic (MOS): Mosaic is showing signs of base completion, as prices pressure the USD31.10 range highs. Improving studies anticipate a break towards the USD34.15 retracement, with scope for...
Showing support at 23.91 - Volume is rising....
DBA had a retrace after breaking out of this declining wedge. I am now watching price behaviour around this base area and setting some alerts ( 21.00USD ). If the macro assessment is correct we should see Agrobusiness follow the pro-inflation-fear environment, which means that precious metals, commodities and Agrobusiness should provide considerabel gains in to...
There is still a resistance band between 29.72 and 31.16, but I think it could break higher. Cautious investors wait for confirmation ( e.g. breakout and retest ).
AGU looks even a bit better than MOS. Price has found support at the 92.00USD area and shows continuing demand. Long-term bullish and a good alternative to the crowded Gold bug stocks :-)
Broke out of Descending triangle. News of Potash is the fuel for shorts to cover. Watch this strong recovery.