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
1ADM trade ideas
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.
ADM Stochastic Divergence Channel Line BounceArcher-Daniels-Midland (ADM) has stochastic divergence on trend line support. There is a gap to fill above the target zone that could lead to an extra 2.5%
Buy: 39.65
Target: 40.31 - 41.37 (1.68% - 4.35%)
jbzstocks.com
@jbzstocks
ADM - holding up quite well, but capped by 200 MA...Some stocks seem to show weakness after the bull run off the February lows, but ADM seems to holding up quite well. I still like the gradually emerging new " inflation coming " theme, I will therefore closely monitor ADM, DBA, MON, MOS, VALE, FCX, Rio Tinto, BHP Billiton and several other names, including ETF`s.
ADM - weekly swing trade, prepare for LONG.Price was rejected by the WEEKLY 200 MA at approx. 39.90 - 40.00USD, but I expect re-accumulation in the course of this year. I will watch this each week and post if I see a better entry level.
