ADM is showing a classic Ascending Triangle. Don't miss the move.
Bullish continuation pattern.
Technical analysis of Archer Daniels Midland (ADM) reveals a significant setup. With a last close of $73.83, volatility remains active (2.02%). Price action has carved out a classic Ascending Triangle. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $74.19, targeting $83.31 with support near $65.07 (R:R 1.0).
What is your outlook on ADM?