I just noticed an article about Monsanto reporting about a potential Anti-trust investigation by the US Justice Dept (see this link). I then took a look at the chart, and saw an intriguing short opportunity. Perhaps Monsanto is nearing the beginning of the end of its food supply domination? I would short this around $76 with a stop above $87. Target? $20.
Notice that MON broke it's long-term uptrend, and has since been consolidating the losses. However, notice that after an initial rally to $95, it has been downtrending. This is in stark contrast to what the rest of the market has done:
1 comment:
Good Call...
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