DBA intermediate term, potential cup n' handle:
The constituents of DBA look bullish in the long term, like corn:
And wheat:
Especially soybeans:
Disclosure: I own DBA leaps
Wednesday, July 16, 2008
Possible DBA Cup n' Handle
DBA Long Term (weekly):
DBA intermediate term, potential cup n' handle:
The constituents of DBA look bullish in the long term, like corn:
And wheat:
Especially soybeans:
Disclosure: I own DBA leaps
DBA intermediate term, potential cup n' handle:
The constituents of DBA look bullish in the long term, like corn:
And wheat:
Especially soybeans:
Disclosure: I own DBA leaps
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1 comment:
The cup n' handle is no longer possible because prices have pulled back too far (beyond the 61.8% fib) but the longer term uptrend is still in tact. DBA needs to hold that 200 dma and support around $36, which might be a good low risk entry. If $36 is lost DBA would look bearish in the long term (lower lows & lower highs):
http://stockcharts.com/h-sc/ui?s=dba&p=D&yr=0&mn=6&dy=0&id=p71475662083
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