Agriculture ETF may have found bottom

The agriculture ETF (DBA) printed a very strong rally this month and it looks like it has found strong support around $24 This may be the start of a long term bull trend, but I need to see it trade and hold above $25 – $26. It is also worth noting that the weekly ATR long signal triggered last week, so we may have a move up to around $28 – $30 in the next few weeks.

About Stock Trade Journal

The information in this blog is not investment advice. Please consult a financial advisor before investing. I have been trading stock since the 1990's and survived the .com crash. I am developing software applications to help me trade better and now I am making them available to help other traders. This blog is also a way to share my experiences and observations in the market.
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