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.
BG trade ideas
Are Wheat & Biofuels Supply Plays?Took positions in BG last year, & ended up trading out too soon. Here is a good dip & options are cheap, not trading advice just a MACRO play. As long as food prices are going up & Russian Export Taxes are increasing then Wheat Grain & Biofuels might still be valid fundamentally. Bunge is a global player so please check out their Fundamentals, SEC Filings & Prospectus before investing real money, also it costs nothing to check price action for a few weeks or months before making a decision. That's how lots of analysts make their very best decisions. In fact the way I came across BG was from bad information about an alleged Silver Squeeze. Don't follow hype, do your own research & make the best decisions for you & your investment goals.
BG breaking out of a multi-year base!* Steady earnings
* Starting a new trend higher
* High relative strength in the Consumer Defensive sector
* Pays dividends
* Breaking out of a base that dates back to 2007 with higher than average volume (42.34% higher)
* Forming a very well shaped cup and handle pattern
* Maximum probable ROI for this trade is 24.83%
Trade Idea:
* This is the perfect time to get in as the price is still very close to the level being broken.
* You can see that the price did try to break out a few days ago but now it's trying to break again!
* If you're looking for a discount you can look for buying opportunities near the $88.85 area as that should serve as support
Over 200 years of experienceThe agricultural sector will come to the fore with the expectation of rising commodity prices in the future and drought worldwide. Momentum set to continue in 2021 with $7 in EPS expected. Even if there is a retracement in prices in the short term, the share price will rise above the peak price of $92 in 2015.The company increased its revenues, sales and profitability from 2017 to 2021.I think that price decreases are the opportunity to buy, and the company will easily rise up to $ 100 in the long run with increased profitability.
BUNGE - best short opportunity in 2022BG long term plan - short in Sept-Oct 2021 at 95 area. Expect to see -80% downside from peak to low. Looks like commodities won't be feeling well in 2022.
BG / ADM / DBA for ag. commodity position I prefer company stock because of fee when consider long term position. This time is for expected commodity cycle.
But both of ADM/BG have been diversifying businesses and seems like not so much co-relation. Any better idea?
BG Breaks Long-Term BEAR TLWe have a 3rd Eliott Wave completed with RSI on Over Bought.
MACD is getting horizontal.
I think it will throwback to confirm the break over the TL, it will let the price breath for a while to take another impulse and complete the cycle.
We can expect the throwback right on TL what coincides with 0.618 of 3rd impulse and 1 of all the swing.
5t wave objective on 1.618 of 3rd wave.
Will see.
BG - 11.42% Potential Profit - Bullish PennantBullish Pennant breaking out after a 7-month uptrend.
Trying to capture the breakout right out of the gate and eventually lock profits well before the target, which I believe to be the best strategy given the period.
I am being very selective lately and I only trade when I see very limited risk, with potentially great rewards. This is why I like this setup. There is no clear technical target, this is why I will adjust stop-losses daily (and intraday) based on how the market behaves.
- Target Entry $50.59
- Target Stop Loss $50.04
- Target Exit $56.63
About me
- P/L September +49.18% | August: +232.32% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
BG BREAKS 2017 RESISTANCEBG is on a bear channel since the end of 2017.
Today it break the trend line that works as resistance.
DMI says it's very BULLISH
But RSI it's close to overbought zone.
Then we can expect a Throwback on the Old Resistance and then if fundamentals and notices goes with us.
First Obejctive at $62 (20,5% from current price)
Will see.
BUNGE LIMITED Option DailyHey traders, BUNGE LIMITED is in an uptrend with stable volume and a pent-up attempt by buyers. On the TIMEFRAME 1 Min there is a collapse of the title with a refusal from the sellers, it goes towards its last next lower to return to the rise. In this situation it leaves to fill its bullish gap then to go on its next high. And finish at the top of the previous bullish gap to clear losses before the retest before the precipitous fall.
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Windows get open and then windows get closedIt appears BG has some unfinished business to attend too. After opening a window to lower price levels it now appears to be attempting to close the window it open, note arrow. Windows can be used as support, resistance, and price targets. After re-testing the bullish breakout from the triangle pattern, higher price levels could be ahead for BG. Note consumer/non-cyclical tactical allocation.
Short BG as it breaks down Major trend line & support Trade Logic: Up trend & major Support break down
Entry: 62.75 -62.83
Target: 57.27
Stop-Loss: 64.09
Option: July16, 60 Put & Oct16, 60 Put
BGNYSE:BG
05JUN16 -
Stock looks like it is going to reverse at heavy resistance / trend channel that is in confluence with the 0.5 fib level at $69 and is heavily overbought on the RSI (80).
Entry criteria:
Long Position - Breakout from the downward price channel and a base of support at $69.
Short Position - If we get confirming bearish candlestick formations at the stop of the channel supporting by weak market performance over the week, potential to enter short and ride to $62
