Sunday, April 5, 2009

FEED - April 5, 2009 - Chinese Food?

charts courtesy of stockcharts.com

I came across this chart of a Feeder of the Chinese Pork Husbandry Market



what got my attention was the breakout volume. The daily chart above does not do justice to the breakout. This is a 60minute chart.



Looks like a classic triangle pattern. If it breaks out on good volume, it may do a good distance upward.

It's a gamble at best. I do not know what might be happening in Pork Husbandry Market of China. It's just of a roll of the technical dice. It might be the food giant of the future, it might also be some deep pocket day traders playing games. I don't care about either.

If I go for it, and it works, I will quickly start taking profits.

And it is optionable.

0 comments: