Archer Daniels Midland (ADM) is right up against rather significant resistance now. I’m looking to initiate a ‘short’ position in ADM.
I’m giving myself a stop loss exit point of $31.05 (I would like to see ADM trade up a bit more to achieve the best entry, but I will NOT go short if it trades over $31.05). Price target on this trade is $23.80
ADM Grid Chart
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