๐ Ticker:
ADM (Archer-Daniels-Midland Company)
๐ Timeframe: 1D (Daily)
๐ Price: $48.74
๐ Volume: 2.82M
๐ RSI: 54.80 (Momentum building)
๐ Technical Setup:
ADM is completing a textbook Inverse Head & Shoulders at the bottom of a rising channel, hinting at a structural reversal.
๐ข Green arrow signals current buying opportunity
๐บ Red arrows highlight expected resistance zones on the way up
๐ฃ Channel provides a clean roadmap for a stair-step recovery structure
Pattern Highlights:
Well-defined LโHโR shoulders
Price reclaiming the midline of the channel
RSI recovering above 50, signaling shift in momentum
๐ง Trade Plan & Price Targets:
โ Entry Range: $48.50โ$49.00
โ Stop-Loss: Close below $46.00 (invalidation of channel + pattern)
๐ฏ Target 1: $52.50
โ ๐ Return: +7.7%
๐ฏ Target 2: $56.50
โ ๐ Return: +15.9%
๐ฏ Target 3: $63.00
โ ๐ Return: +29.3%
โ ๏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
๐ฌ Is ADM finally turning the corner after months of weakness?
๐ Like & Follow for more structured swing setups!
#TargetTraders #ADM #HeadAndShoulders #ChannelBreakout #SwingTrade #InverseHnS #TechnicalSetup
๐ Timeframe: 1D (Daily)
๐ Price: $48.74
๐ Volume: 2.82M
๐ RSI: 54.80 (Momentum building)
๐ Technical Setup:
๐ข Green arrow signals current buying opportunity
๐บ Red arrows highlight expected resistance zones on the way up
๐ฃ Channel provides a clean roadmap for a stair-step recovery structure
Pattern Highlights:
Well-defined LโHโR shoulders
Price reclaiming the midline of the channel
RSI recovering above 50, signaling shift in momentum
๐ง Trade Plan & Price Targets:
โ Entry Range: $48.50โ$49.00
โ Stop-Loss: Close below $46.00 (invalidation of channel + pattern)
๐ฏ Target 1: $52.50
โ ๐ Return: +7.7%
๐ฏ Target 2: $56.50
โ ๐ Return: +15.9%
๐ฏ Target 3: $63.00
โ ๐ Return: +29.3%
โ ๏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
๐ฌ Is ADM finally turning the corner after months of weakness?
๐ Like & Follow for more structured swing setups!
#TargetTraders #ADM #HeadAndShoulders #ChannelBreakout #SwingTrade #InverseHnS #TechnicalSetup
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.