Monday, July 25, 2016 10:02:42 AM
Teucrium Corn Fund (NYSEARCA:CORN) is the ETF that tracks the commodity CORN. This jumped on my radar on Friday because of the oversold chart put in a reversal signal known as a bottoming tail. Bottoming tails are candles on the chart that are important when they occur at multi month lows. This is the case on CORN. When this occurs, the odds heavily favor a move to the upside.
Note the chart below. Upside is likely to $21.50 in the next month or two.
Chart: https://verifiedinvesting.com/uploads/files/CORN07.25.16.JPG
The ETF for the commodity CORN put in a bottoming tail, which signals price reversal
Gareth Soloway
InTheMoneyStocks.com
FEATURED Cannabix Technologies and Omega Laboratories Inc. Provide Positive Developments on Marijuana Breathalyzer Testing • Jul 11, 2024 8:21 AM
ECGI Holdings Enhances Board with Artificial Intelligence (AI) Expert Ahead of Allon Apparel Launch • ECGI • Jul 10, 2024 8:30 AM
Avant Technologies to Meet Unmet Needs in AI Industry While Addressing Sustainability Concerns • AVAI • Jul 10, 2024 8:00 AM
Panther Minerals Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • PURR • Jul 9, 2024 9:00 AM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM