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TFC Commodity Trading Forum

Re: Nine Buck Beans... *PIC*
In Response To: Re: Nine Buck Beans... *PIC* ()

Price squirted right on through that red uptrend line at 97.5td's and 97.5 price discussed in previous chart. Cute.

Now, price over in time 105 days and at price 10.50 or 105.0. Normally, with other trend lines and price support levels I'd say...since it fell short of the price objective at the matching time indicates weakness and a possible top. That may turn out to be the case but I think I'll wait for a better tell before deciding this run is over. All I see here is a place to wait and see for a turn as I am not into trying to call tops and bottoms.

In the meantime...pull stop up. Where...hypothetically, a little below fridays low and, if it were a multiple lot trade, maybe just half of whatcha got???

this turned into a $7,500 run from 9 bucks in 18 td's. That's a big ole move and it could keep moving. Choo chooooooo