On daily time frame (left panel) the Ichimoku setup has turned absolutely Bullish. What's more, on back of another better than expected earnings reported today, the price action gave a buy signal and price started to attack a very long term trend line.
Funadmenytally all bad news had been discounted into price including Monsanto story, provisionings, etc., meanwhile the company has been delivering better results, beating analyst forecasts.
Looking at the weekly it has some more job to do technically, but once it establishes a long term uptrend, it will give us an extremely great upside.
From now on the recommendation is accumulate, and hold.
Funadmenytally all bad news had been discounted into price including Monsanto story, provisionings, etc., meanwhile the company has been delivering better results, beating analyst forecasts.
Looking at the weekly it has some more job to do technically, but once it establishes a long term uptrend, it will give us an extremely great upside.
From now on the recommendation is accumulate, and hold.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.