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WFM, no buy signal yet
World food market has been in the slump since topping up end Oct 2013.
the stock value has basically halved to around 30.2 as of 8th April 2016
Technically, price does obeys the downtrend channel as shown, but i also see a potential rounding bottom forming
if price found support and reverse around 29 and hit back to 34, the chance of rounding bottom increases.
But if price breaks down of 29, the next potential price could be channel bottom of 26-27 depends on how fast price falls
As of now, no buy signal yet
monthly remained bearish bias
in case you are interested in this stock once price drop to 29 or 26-27, you can comment and i shall check
thank you
the stock value has basically halved to around 30.2 as of 8th April 2016
Technically, price does obeys the downtrend channel as shown, but i also see a potential rounding bottom forming
if price found support and reverse around 29 and hit back to 34, the chance of rounding bottom increases.
But if price breaks down of 29, the next potential price could be channel bottom of 26-27 depends on how fast price falls
As of now, no buy signal yet
monthly remained bearish bias
in case you are interested in this stock once price drop to 29 or 26-27, you can comment and i shall check
thank you
Note
know your stop loss
Note
Note
Note
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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.