Inverse Head & ShoulderInverse Head & Shoulder is a pattern that could potentially lead to higher prices if it breaks its resistance level. Here there is something that looks like head and two smaller shoulders.
BG trade ideas
Food Additive Giants: Macro Fib SchematicsThese food additive companies manufacture agricultural ingrediants and additives that nakes its way to prodcust in grocery stores. Archer Daniels Midlands Co, Bunge Limited, International Flavors & Fragrances, Ingredion Inc, DuPont De Nemours, LyondellBasell Industries, Kerry Group, and Givauden are arguably the largest in this type of category.
These companies pump out things that humans consume and some argue that much of it is not healthy which is a different topic.
These Fibonacci Schematics are not great but they are good enough. Sloppy, but I would like to see someone do it better without excluding any important levels...
BGBunge Limited is a global agribusiness and food company.
Soy and sugar prices are still expected to rise.
tp1 114
tp2 119
BGBunge Limited is a global agribusiness and food company.
Soy and sugar prices are expected to rise.
tp1 106
tp2 109
Bearish Alert : BG15 minutes
On top of this bullish wave, a new Bearish alert and bearish crossover with consolidation below the ema.
2/3 of our combo is completed.
Bunge Limited ($BG) LongBunge Limited ( NYSE:BG ) is an American agribusiness and food company, incorporated in Bermuda, and headquartered in St. Louis, Missouri, United States. As well as being an international soybean exporter, it is also involved in food processing, grain trading, and fertilizer. The daily chart shows the stock exploded to the upside from $30 in 2020 to a high of $125 in 2022. The stock has been downtrending a bit, holding the $90 support level and holding above 20, 50 and 200 day moving averages. Someone thinks a move is due and selling the 10/20 $90P and buying 105/120C spreads for $2.10. Earnings 7/26/23 with a dividend in August.
BG daily pinnacle pattern wave 4BG daily pinnacle pattern wave 4 don't be greedy ABC correction is to follow
Bunge - nice short oportunityBig picture indicates Bunge has completed wave b of larger degree wave 4 (started in 2008) and has printed wave (1) of circle C targeting 25-30 level. Expect to see a pb in (2) up to 110 zone. Be prepared for a strong move down in wave (3) over the next 10-12 months. See similar set-up in FCX.
BG Geometric Projection: All-Time HighBull trend will continue, expect all-time high. Next possible major top: 146.5 on Jun 2024.
Possible H&S on BGLooking at the monthly chart, a H&S formed in 2008 and hit its target. The current price is near that high again and forming a similar pattern. If price breaks and holds below neck line, down side target is in the 50s. I have taken out a call and put, even if short term price goes up I am rolling my put over in hopes the H&S plays out.
Not financial advice.
Imminent Move for BGThe BBs are curling in and all the oscillators are coiling. A big move, up or down, will be coming this week with earnings. A breakout up will look to ~ 117 and a break down will be in the low 80s.
Not financial advise.
BG - Bullish TakeBG has formed a bullish structure above a down channel and above another channel
I expect price to show a rise which I have displayed with the bars pattern tool
Bullish take
BG could head to $127.57 with a warningBG has been showing strong upside signs with moving averages crossing up.
We also see a potential Cup and Handle which strong upside to $127.57.
However, it's formed with a GAP... And as I've mentioned with many analyses, Gaps tend to close 70% of the time which could bring the price lower.
This makes this analysis a medium probability trade where I'd only risk 1.5% of my portfolio...
BG weekly bearish hammerOrder SELL BG NYSE Stop 82.57 LMT 82.57 will be automatically canceled at 20230401 01:00:00 EST
BG weekly bearish hammer if we break lower will run into next support.
$BG with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $BG after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
BG weak sellThe stock has fallen out of the bullish trend channel and the last candlestick has long shadow.
RSI is 51 and heading down. The MACD, DMI gave weak bearish signal too.
Entry price: 99.5
Target price 1: 92 +8.1%
Target price 2: -
Stop loss: 102 -2.5%
Period lenght: 7-8 days
$BG Breakout$BG Breakout in 4h Chart on volume after consolidation phase - Target 131$
All Entry Criteria have been met:
1. Price above 10, 20 & 50 EMA --> Check
2. Consolidation Phase in Uptrend --> Check
3. Breakout on above average Volume --> Check
BG , Long , ( Re-entry attempt ) Second try here above the 10/21 ema , looked a lot nicer 1 hour ago when price action was near the top of daily range and volume is pretty low today , but I like the short period of time spent below the 10 ema and the looks of that hammer . Don't like the weak close, but , none the less, a close above 10 ema ...
Stop vs the lod
initial target - 116.37
BG, LONGBG , another strong uptrend with a wedge drop n pop entry setup . Food related theme .
Strong group and BG is among one of the leaders .
High institutional interest as they hold 88% of the float and transactions are positive.
Avg daily volume is currently 1.36M , good .
Strong technical with recent 52 Wk high's made .
*Has shown strength throughout the general weakness we have witnesses this year .
I notice the short float is a little high though ... 3.55% of float with a ratio of 3.56. This I find suspicious . But technicals are still technicals, price is price and volume doesn't lie , so I bought . Earnings may 4th .
Entry 109.88
Stop - 105.65
Initial PT - 115.43
Is Bunge Breaking Out?The rise of inflation has investors quietly returning to many commodity-related stocks that were popular 2003-2007. One of them is Bunge.
Earlier this month, the soybean processor touched its highest level in over 13 years. It pulled back but is trying to stabilize around the same $92 area where it peaked last May. Is old resistance new support?
BG is also near its 50-day simple moving average.
Next, notice how the stock rallied after its last three earnings reports. (Each beat estimates on the top and bottom lines.)
Third, something of a rotation seems to be taking place because other similar names like Archer Daniels Midland, Mosaic , CF Industries and Deere are also above their 50-day moving averages. (Unlike the S&P 500.)
Overall, it’s been a tough start to the year for most major stocks. But certain corners of the market have held up better. Traders may start focusing on the emerging relative strength in agriculture-related names like BG.
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BG grain wholsaler forming a cup and handleRecent earnings were terrific. Sales plus 39%, massive earnings beat and they guided higher for next quarter.
Looks like its giving another opportunity to buy.
