BrokenTypewriter

ADM Rebound Opportunity

Lång
NYSE:ADM   Archer-Daniels-Midland Company
ADM is coming down to the 1st Fib retracement level and it's major trendline from the March 2020 lows. RSI on the Daily is showing bullish divergence and the MACD is starting to curl upwards. This could be a good swing trade. I will buy around 59.72 as the Algos like to take out stop losses just below the trendline. Bearish scenario would be a break below 58.5 and this would take this down to the 2nd FIb retracement level.
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.