ADM is showing a classic Ascending Triangle. Don't miss the move.
Bullish continuation pattern.
Traders are watching Archer Daniels Midland (ADM) as price action tightens. The stock is trading at $85.92, down 0.5% on the day. Price action has carved out a classic Ascending Triangle. The trend indicator is reading 57.6/100, suggesting moderate momentum. A potential breakout level is identified at $88.46, targeting $105.3 with support near $80.73 (R:R 2.18).
What is your outlook on ADM?