|
|
Post by archer on Apr 9, 2023 5:36:31 GMT
I'm thinking about opening a position in CANE, but am hesitant due to being possibly late to the game. I see no upside resistance but it is oversold (RSI) but that's been the case before and it just keeps going. Any other chartists have a take on it?
|
|
|
|
Post by uncleharley on Apr 9, 2023 16:10:09 GMT
|
|
|
|
Post by richardsok on Apr 9, 2023 20:33:22 GMT
Well. Thanks a ton for that "Somebody kick me, please" moment, archie.
I've had CANE bouncing around in the back of my head since, well, seems like forever and can NOT understand how I let it slip through the cracks as it went roaring upward.
File this one in the "Now You Tell Us!" drawer.
My opinion? A year ago I'd have had one. Today, at THIS level, maybe put a double sawbuck on it, as a curative for future self pride. I did a quick run-thru of other commod ETFs to see if anything else looked as promising as CANE once was. Nothing comes close, except COM -- sorta, maybe. I've had some money in BCI, which begs the question, Why it and not CANE?
Frustrating? And how.
|
|
|
|
Post by archer on Apr 9, 2023 22:01:34 GMT
I feel ya Richie. I've been watching it for some time, but in my case I need to sell something to buy something else, so that has slowed me down. So now I'm looking for good excuses to replace PDI (for TR) with something that I expect to gain now rather than next someday. It's recent momentum is downright scary.
Sugar has been increasing in it's use for ethanol, but production doesn't seem to be increasing, and there is reluctance to expand capacity.
|
|
|
|
Post by archer on Apr 12, 2023 2:04:35 GMT
Another com that's enjoying good momentum is NIB. It doesn't have the recent spike of CANE which I see as favorable in favor of NIB. It's relative strength has declined but RRG is pretty short term in the context of its past few months price gains. So since sugar and chocolate are doing well, this should bode well for health care down the road.  |
|
