Timonrosso

BG could head to $127.57 with a warning

Long
NYSE:BG   Bunge Limited
BG has been showing strong upside signs with moving averages crossing up.
We also see a potential Cup and Handle which strong upside to $127.57.
However, it's formed with a GAP... And as I've mentioned with many analyses, Gaps tend to close 70% of the time which could bring the price lower.
This makes this analysis a medium probability trade where I'd only risk 1.5% of my portfolio...

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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