ZS1! trade ideas
A new good entry point for SoybeansA good entry point might develop tomorrow if this prospect confirms.
US soybeans exports shipments have accelerated and to date exceed seasonal pace to hit USDA target by 159 mln bu vs 144 mln previous week. Tomorrow (Dec 10) USDA report is expected to decrease US ending stocks to a even more critical level, and recent price action, especially today, seems to reinforce that. Watch market reaction to the report.
...this added to some technicals, seasonals and fundamentals drivers displayed on the chart.
Soybean coilingSoybean has been coiling during the last month. The coil is expanding and seems ready to break out to the upside. Price should project to the median line in relative short time.
Soybean's harvest low offer potential upsideSoybeans has hold on the bottom of its long term uptrend and now is showing us signs to go long:
Technical Weekly
+ Bullish Engulfing candle pattern
+ MACD bullish crossing (about to happen)
+ RSI bullish divergence
+ RSI Oversold
Technical Daily
+ MACD bullish crossing
+ MACD divergence
+ RSI above 40
+ RSI bullish divergence
+ Stochastics bullish crossing
Fundamentals
+ Good up movement on Friday,November 7th, after a neutral to slightly bullish USDA report
- S.America planting season on perfect situation
- Record S.America crop
Seasonals
+ Soybean's harvest low offer potential upside
+ Oct historically 66% up months; Nov historically 57% up months
Entry point: a daily close above 1318'6
Stop: a daily close below 1296'0
Target: after bearish signals (to be defined)
Any other idea ?
Please, feel welcome to share.
Soybeans broking its long term uptrend ?Soybeans broking its long term uptrend ?
Will it hold ?
By now, I still do not know what to do with that, but, a good clear opportunity is about to develop.
Worth keeping an eye on it.
How about you ? Any ideas ?
Thanks,
Soybeans harvest low offers potential free mealMonthly chart showing support line. Typically this is the time of the year when soybeans post the so called harvest lows. Look for longs. I will post possible entry points in the daily charts.
AAPLBeen following this analog since mid 2012. I am long since a while back in options since it's the best risk reward in this broken stock. Yes, it is broken..
AAPL vs ZSI have been playing AAPL like ZS since around mid 2012, to mark the top. It is lagging. so you have to stretch it.
But it's very contructive.
What this means is that people will be playing this trough the options market.
Soybeans dropping on the floorSoybeans trend study: Soybeans approaching major trendline and support area. A trade below 1330 here is going to project the price to the next support area and median line. I'm considering long puts.
