Here is a chart that shows some bottoming action, and also coincides with the theory that food/fertilizer/agriculture stocks will start outperforming for the summer since theoretically they are the last to move in the market cycle.
We may get some short term weakness as we look for continued volume increase here - more volatility before we see a large move to the upside. Let's protect ourselves with a stop loss placed right below the green support line. Long term bottoming action with a 3-5 month swing time on this one. Take profits at resistance, or at least sell half and re-evaluate. Good trading!!
2 comments:
Thank you!!
I had put your link on my blog.
ありがとう！
forex chart analysis and a cat
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