AWB 0.00% $1.50 awb limited

Thanks AA, The overlap between today's and yesterday's candle...

  1. 96 Posts.
    Thanks AA,

    The overlap between today's and yesterday's candle stick does not tell me the reversal. If the lower shadow were a bit longer and there were no overlap, it would more likely be the sign of the reversal provided that the whole part of tomorrow's candlestick is higher than today's.

    Personally, I realized that it is very dangerous to try to find a bottom in a downtrend situation.

    Anyway, AWB looks very cheap considering last year price.
    But things have been changed a lot compared with last year, fundamentally.
    Have you read the news linked as below?
    http://www.weeklytimesnow.com.au/article/2009/02/12/52365_grain-and-hay.html

    I am not an expert on Aussie agriculture or agribusiness.
    I do not know when crop season is and whereabout the wheat grows, either.

    Recently, floods hit NSW and QLD.
    I do not know if the floods were serious for wheat crops.

    If anyone knows, comments will be appreciated.

    I hope I am wrong and you are right, AA.

    Regards,




 
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