EBRO Go!Hi, I predict Bull trend. 1. Resistance broken, but RSI 4h still high :( 2. One of the lowest prices since March. 3. Heavy GAP has to be fulfilled. It may fall down a bit and then should go up. AGLongby ag129772
EBRO FOODS ... FROM SPAIN TO TEH WORLDI'm very instinctiv when I 'm looking for a good share to buy. I was buying in the shop were I always used to go and then I found a new brand of Pasta. The package was nice, it was an italian brand, I cooked it and it was really good, al dente! So I asked me, why this good and unknown Pasta is now in this market? I made a quick Research and I discovered that behind this Pasta there was Ebro Food a big industry. I personally think that Alimentation is changing, as well consumism. Big industry have to Change their products and target if they want survive. Trying to overfeed people (in europe for sure) is no more the way to improve profitability . If the quantity that you sell is lower, then you have to sell better quality at higher Price. I think that ebro Foods understood this and is trying to expand this type of market and I suppose they will succed. Looking at the Charts we can see that there is a clear resistance around 21.4 Dollars pro Shares- Since April 2016 we rebounded against this resistance, forming an ascending triangle. A break out of this line will rapidly bring the share around 26 Dollars pro Shares. Now we just had a strong Impulse and the shares reached again the resistance. I find disturbing that CMF is decreasing, which could be a bearish divergence. moreover there is some Distribution and no more accumulation. I think that this Graphs explain the Situation. Good products in a uncertain market. In the next months we will assist to an important movement up or down. A catalyst is what is needed. I will try to buy the break out, but for the Moment I stay away from Ebro Food. BIOby FerdiHodlerUpdated 1
CORTOS EBROSe encuentra en tendencia bajista confirmada en su última sesión por el RSI que no llegó a tocar la zona de máximos. Importante soporte en torno a los 18.5, podría hacer retroceder al valor un 4% en el medio plazo. Si supera este proceso, podría tener barra libre para buscar los 20 e incluso los 21 euros.Shortby temiliano4
EBRO FOODSI would like to receive opinions on my long position on Ebro Foods: Do you think it is time to close long positions?by AntoninoRomano371