AWB 0.00% $1.50 awb limited

reversal bar, page-10

  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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