Bull flag- Hammer candlestick pattern
- Above the resistance
- Also positive earnings
Looking for longs if this continues
0JQQ trade ideas
ADM long ideaChart of ADM looks great. Price moving higher above the supporting moving averages. Earnings are already in an positive.
ADM approaching resistance, potential drop! ADM is approaching our first resistance at 147.15 (61.8% fibonacci retracement, 61.8%, 100% fibonacci extension) where a strong drop might occur below this level to our first support at 43.26 1(50% fiboancci retracement).
Stochastic is also approaching resistance.
ADM approaching resistance, potential drop! ADM is also approaching our first resistance where we might see a drop below this level to our first support level. Stochastic is also seeing a drop below this level.
ADM appraoching resistance, potential drop! ADM is approaching our first resistance at 47.15 (horizontal overlap resistance, 61.8% fibonacci extension, 61.8% fibonacci retracement) where a strong drop might occur pushing price down to our first support at 43.26 (horizontal overlap support,50% fibonacci extension).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop below this level.
SHORT ADM Approaching Resistance, Potential Drop!ADM is approaching our first resistance at 47.15 (horizontal swing high resistance, 61.8% Fibonacci extension , 61.8% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 43.26 (50% Fibonacci retracement ).
Stochastic (55,5,3) is also approaching resistance where we might see a drop below this level.
ADM Approaching Support, Potential Bounce!ADM approaching support at 43.44 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 46.75 (38.2% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 4.03% where a corresponding bounce could occur.
ADM - crushed earnings again gap and trap This could be a nice little swing trade to 2014 highs. We had a nice gap and trap this morning with it opening above 49.. People might want to wait till open tomorrow and see what happens today, but I'm going to take this trade to 52 area.
Bouncing Off 12-Month ResistanceWhilst MACD and RSI still strong in the up, they are facing downward. The Bearish candlesticks showing early signs of a reversal from April 2017 high
ADM Triangle BreakoutADM may be making a move to breakout of the triangle it has started a little more than 2 years ago. Market will certainly help it break out.
