$MON - By Request

This is a stock that I used trade via credit spreads but last year I dropped it off my watchlist for many reasons. So I will leave the Fundamental argument up to you and you can layer them onto what come next.

Since I don't track Monsanto I will evaluate it's price action with my trusted Crayon Analysis (keeping it simple gives me clarity).

  • Good news: It recently looked like it was headed to break out of a descending channel.
  • Bad news: today it hit the roof of the channel and failed in a big way. Look at the ugly last red candle from today.
  • Conclusion: If someone held a gun to my head and made me choose then I would say it can see 95 before 102 going into earnings.

*** Bad price action today and on 9/3:

*** Bad candle today:

Posted to Create Income with Option... on Sep 06, 2013 — 7:09 PM
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  • {[comment.author.username]} — Marketfy Staff — Maven — Member
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