ARCHER DANIELS MIDLAND CO
Monthly chart shows price found support off the 34 ema, with buyers coming back into stock this month.
Weekly chart shows double bottom at the $30 area support.
Daily chart shows eager buyers wanting to get back into stock when the price opened above the prior resistance level and traded higher during the day. Look for follow through next week, with price testing the prior high at $37 and higher.
Saturday, October 13, 2007
ADM Analysis for 10.13.2007
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