ARL - Head and Shoulder Pattern?
HELP
The Macd on the Daily Chart has been trending upwards but the price is trending down for weeks now.
The Monthly Chart seems to indicate a monstrous Head and Shoulder pattern which spells disaster.
The company is trading at a PE of 7 which is low for a poultry company. Is there a poultry disaster on the horizon? Bird Flu? Massive oversupplies of birds which will flood our markets?
Company results are expected to be only 17% down year and year so it should break upwards.
Any clever analysts out there who can help?
express.co.uk/news/world/1357207/bird-flu-news-netherlands-virus-outbreak-pandemic
The Macd on the Daily Chart has been trending upwards but the price is trending down for weeks now.
The Monthly Chart seems to indicate a monstrous Head and Shoulder pattern which spells disaster.
The company is trading at a PE of 7 which is low for a poultry company. Is there a poultry disaster on the horizon? Bird Flu? Massive oversupplies of birds which will flood our markets?
Company results are expected to be only 17% down year and year so it should break upwards.
Any clever analysts out there who can help?
express.co.uk/news/world/1357207/bird-flu-news-netherlands-virus-outbreak-pandemic
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