ADM | Inverse Head & Shoulders + Parallel Channel = Reversal

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๐Ÿ“ Ticker: ADM (Archer-Daniels-Midland Company)
๐Ÿ“† Timeframe: 1D (Daily)
๐Ÿ“‰ Price: $48.74
๐Ÿ“Š Volume: 2.82M
๐Ÿ“ˆ RSI: 54.80 (Momentum building)

๐Ÿ” Technical Setup:
ADM is completing a textbook Inverse Head & Shoulders at the bottom of a rising channel, hinting at a structural reversal.

๐ŸŸข Green arrow signals current buying opportunity
๐Ÿ”บ Red arrows highlight expected resistance zones on the way up
๐ŸŸฃ Channel provides a clean roadmap for a stair-step recovery structure

Pattern Highlights:

Well-defined Lโ€“Hโ€“R shoulders

Price reclaiming the midline of the channel

RSI recovering above 50, signaling shift in momentum

๐Ÿง  Trade Plan & Price Targets:
โœ… Entry Range: $48.50โ€“$49.00

โŒ Stop-Loss: Close below $46.00 (invalidation of channel + pattern)

๐ŸŽฏ Target 1: $52.50
โ†’ ๐Ÿ“ˆ Return: +7.7%

๐ŸŽฏ Target 2: $56.50
โ†’ ๐Ÿ“ˆ Return: +15.9%

๐ŸŽฏ Target 3: $63.00
โ†’ ๐Ÿ“ˆ Return: +29.3%

โš ๏ธ Technical Notes:
Pattern is visible across multiple timeframes โ€” weekly structure aligns with daily bullish reversal

RSI breakout + neckline test = potential breakout confirmation

Earnings volatility in rear-view mirror โ€“ momentum favored near-term

๐Ÿ’ฌ Is ADM finally turning the corner after months of weakness?
๐Ÿ“Œ Like & Follow for more structured swing setups!

#TargetTraders #ADM #HeadAndShoulders #ChannelBreakout #SwingTrade #InverseHnS #TechnicalSetup

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