CGA trade ideas
CGA BUY/LONG INCOMING! 6.25 to Potentially 25.50 by End 2021TICKER CODE: CGA
Company Name: CHINA GREEN AGRICULTURE, INC
US Stocks Process Industries Chemicals: Agricultural
Position Proposed: BUY
Entry: NOT READY (6.25-6.40)
1st Partial Take Profit: 18.20 (August-Sept 2021)
2nd Partial Take Profit: 25.50 (End 2021)
Stop Loss: 3.85
Technical Analysis
1. Large Monthly Falling Wedge
2. Large Monthly Inverse Head & Shoulders (Expected TP @ neckline)
3. Fibonacci Retracement expected to hit 0.786
inline with Horizontal and trendline area
of confluence
4. 1st Partial Take Profit at Fibonacci Expansion Level 1 Grey Zone
5. 2nd Partial Take Profit at Fibonacci Expansion at 1.618
CGA, Watch for a base or continued runThis was one that I originally did not post and I could have traded it much better. Still was a very profitable trade but I made the mistake of setting a limit target and was out at $9.99. Instead of adjusting the stop based on 10, 21 EMA's, which would have been much more profitable .
Either way, I have been waiting for todays pullback to watch closer what happens next.
Best case scenario:
What I would like to see the most and what would give me a great second entry opportunity is for the pullback and selling volume to be somewhat limited and see this from a base at this time . That should give CGA some time to digest the great run it has and allow weaker holders to take profits . If a successful base forms we should see some selling volume , initially larger , contract to very low volume candles....ideally with multiple contractions up and down . At some point overhead supply will be gone and I will enter on the turn up . This is an ideal situation that would allow CGA to have a natural reaction
Not tradeable scenarios for my style (2)
1)CGA continues to make huge gains without a digestion period leading to eventual capitulation to the down side losing more than 50% ish.
or
2)CGA continues to sell off and forms a very deep base and lots of potential overhead supply issues.
For me both of the later two scenario's are not tradeable for me in the near future , hoping for a base .
Lets see how it shapes up . :)
CGA: Ascending Triangle (43%), Ascending Triangle (64%)Primary Target (short term):
Ascending Triangle, awaiting confirmation (43%)
PT = 9.15$
Secondary Target (Long term):
Ascending Triangle, awaiting confirmation (64%)
PT = 10.63$
Fundamentals PEG of 0.08 (rule of thumb is that a PEG ratio below one is desirable) P/S is 0.09, P/C is 0.17 P/fcf is 1.03 Dividend yield is 14.54%,
$CGA - risk / reward - Earnings Play: Higher LowsCGA - Overall, it is still bearish however, possible short term play while China ticker and $SEED is picking up on volume.
MACD histogram is getting closer to 0
RSI is still below 68 but trending higher
Low volume
Trending up with buyers accumulating last week
Earnings coming up 11/18 finviz.com
Trade IDEA:
SWING: Buy within orange line; stop loss .02 or at red line
DAYTRADE: Buy over .77 (watch RSI strength and Volume increase) / tight SL .03 if it fails
Take Profits at the green line (scale out)
Possible run up to .90
Positive Daily Momentum Detected!ON WATCH. zoom in and you will see positive daily momentum. Possible 3 month downtrend breakout
China Green Ready to RunTime to get in and set some limits. Short near the top. PEG < 1 seems to be undervalued. Showing signs of stability.
CGA Detected possible increase in guidanceCGA: china green agriculture
2018-02-14 06:30:13
Detected possible increase in guidance
Positive Divergence!Between MACD and price. Momentum shifting + on multiple frames. Initial PT $1.65, Very undervalued! GuruFocus' DCF fair value= $6.42 ~80% safety margin. Practically no debt. Quick/ Current ratio ≈ 5.5/7.5! Increasing Cash to debt ratio, increasing OM & FCF.
Huge watch here for accumulationWatching this for either another run or accumulation. I'm thinking accumulation.
Long CGAGood Fundamentals long from before. They recently announced their on-line selling platform in brick and mortar business is doing better then expected. Bellow 2 P/E 0,2 P/B nice cash. No Debt... Growing Sales
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