Following the recently highlighted objective entries at the 4.19 support and subsequent breakout above the minor downtrend line, the next & (a major one, IMO) buy signal is still to come on a solid breakout above the primary downtrend line & key 5.00 resistance on the AVD (American Vanguard Group) swing trade & long-term trade. Previous (Dec 10th) & updated daily charts below.
AVD-daily-Dec-10th
AVD daily Jan 22nd
AVD is one of several swing trades & long-term trend trades in the agricultural inputs sector, which continues to appear to have started the next leg up following the corrective wave of profit taking that came after many of those trades hit price targets (resistance) with divergent highs & overbought conditions. As per previous videos, AVD is one of the smaller, more aggressive ag input stocks and, as such, considerations should be made to adjust one’s position size down to account for the above-average gain & loss potential (the final target, T4, is 90% above the primary downtrend line, which is currently being tested).