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Teucrium Sugar Fund ETV

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CANE trade ideas

Want a SWEET Future ?Let's take a look at the monthly chart. Of course, it is easier to draw and analyse the charts on hindsight, plotting all the support and resistance level. Rather than arguing if you are the first person to spot the bottom or breakout, I am more interested if this trend will persist and if the market offers me a buying opportunity. I have shared before that the Mr Market will offers us investors many many opportunities to get into the market, sometimes it is very obvious other time not so clear. So, if you have missed the first 3 chances, fret not, another opportunity could be coming up soon. I suggest you keep this post in your watchlist and come back maybe once a week to check out the prices, if it breaks out or pullback at the resistance. No stress, no pressure, take your own sweet time to monitor. Then go and do your own research and see if this is worth parking some spare cash or as part of your diversification strategy. Of course, this is a high risk asset class (if you don't know what you don't know) and may deter you from investing. HINT - go to any shopping mall and take a look at the beverage section. Does sugary content drink outsell the healthier, organic type ? Despite global warning about the consequences of getting diabetes from overconsumption of high sugary food (biscuits, drinks, cakes, etc) , is the global trend declining or getting worse? (read this article here :https://www.who.int/news/item/13-12-2022-who-calls-on-countries-to-tax-sugar-sweetened-beverages-to-save-lives) Ask yourself - if you are the government and knows that all these stuff are making your people sick , obese, amputate limbs from diabetes, heart surgeries and all, WHY are you allowing MORE and MORE companies, big and small into your country that sell all these food and drinks ?Are imposing a tax on sugar the solution ? Take tobacco tax - ask any smokers, did they quit or smoke less with each increasing year of price increase ? I believe the answer is an affirmative NO. Again you asked WHY ? It is simple coz it is addictive . So, what sticks like your habits , which is unconscious will happen on a daily basis multiply by the whole world. So is the system fundamentally sound? Let's not go there and stick to investment. If you make profits out of it and decide to do some charity work or make a commitment to get yourself healthy, reduce your sugar intake, I applaud your efforts. You can have a SWEET future without touching the sweet stuff, really......if you are committed....
AMEX:CANELong
by dchua1969
Sweet Potential Gains ( Pun Intended)Sugar ETF Proving to be sweet, not only to the mouth but to the bank account as well. Another Bullish Move. Reasoning Flat Consolidation seems done Correction is not overextended Double bottom with second low undercutting the first Consolidation is long enough, 4 weeks My Would Be Trade Plan Risk about 1.5ATR and aim to ride up to 4.5ATR (1:3) Raise stop once Trade moves 2ATR in your direction Add on new highs after a pullback. (Then raise stop to keep original risk and also do not modify the target price) Main Sources of My Knowledge Mark Minervini Constance Brown William O'neil Speakers on Trader Lion Youtube Adam Khoo My Indicators 14 Period RSI. 9SMA and 45EMA Moving Averages added Composite by Constance Brown This is for catching failures in the RSI. The RSI is a bounded indicator so sometimes fails to catch divergences. This indicator helps show that Composite Settings Author : Constance Brown (Connie Brown) RSI Length : 14 RSI Momentum Length : 9 SMA Length : 3 Fast Simple Moving Average : 13 Slow Exponential Moving Average : 33
AMEX:CANELong
by vssebuyungo
CANE - Fertilizer Shortage TradeIt's a Brave New World. Fertilizer was facing a shortage going into 2022 (like most commodities, it has had a undersized amount of investment, with tech seeing most of the in flows) but after the Putin YOLO (that's my ELI5), potash is now in shortage. Using that fact as a basis for expanding my commodity thesis to include more food commodities. I picked CANE because of the chart. Sugar has not caught bids like soy and corn and it's chart is a screaming buy. Before smashing the market buy button like an ape, watch the long standing resistance level we are at right now. This resistance has held since 2017 so this is a critical level. I am expecting a retest at the 9.75 level where I will be looking at the volume response. I'm so itchy to buy that I might buy regardless of response, the tailwinds are simply too strong to ignore. It is taking a great deal of restraint to wait for a response but since it is such a vital level and I want the best entry possible, patience and watching volume response is the name of the game. I will update with entry price. Happy hunting, Good luck, and God speed.
AMEX:CANELong
by SloppySeconds