ADM has tested the 44.99 mark two times and fell back. It is trading in a triangle formation. This is a set up I love for long options trades.
The price is supported by the following:
1) The moving average
2) RSI is in the 60% area. I am okay with it as long as it stays over 50%. I would start to worry if I was in the trade and it drops.
3) The MACD shows stability. Still some buying power.
It had just now tested the top a 2nd time (to form a double top) I would personally wait to see if it goes back to the support at the bottom of the channel and then reverses for better confirmation and a more favourable options contract.
The price is supported by the following:
1) The moving average
2) RSI is in the 60% area. I am okay with it as long as it stays over 50%. I would start to worry if I was in the trade and it drops.
3) The MACD shows stability. Still some buying power.
It had just now tested the top a 2nd time (to form a double top) I would personally wait to see if it goes back to the support at the bottom of the channel and then reverses for better confirmation and a more favourable options contract.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.