Alico Stock Chart Fibonacci Analysis 051625Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 29/61.80%
Chart time frame: D
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress: A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) 61.80% support
D) Hit the bottom
E) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback po
Alico, Inc.
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In-depth trading ideas
Alico Inc. $ALCO, inside bar signalAlico Inc NASDAQ:ALCO produces citrus fruit, while engaged in catle ranching and conservation. So is in the Agricultural Operations Industru Group and is Ranked #1 in Profit Margins. Although, for the six months ended 31 March 2022, Alico, Inc. revenues decreased 7%.
The thing is that the technicals are showing strength. With a IBD RS rating of 94, ths stock price is n a confirmed uptrend. Today's price range is inside the previous bar. A breakout above yesterday's range is a pretty good buy
ALCO - BREAKOUT SOONvolume picking up here which indicates to me a breakout either way as follows.
BEAR SCENARIO (RED)
break to the downside would see a reversal 'Diamond' retest of the redline ($32.11) then down would be a poss entry. Daily time frame
BULL (GREEN)
break to the upside forming bullish 'pennant' with retest of greenline ($35.34) then up to fib targets.
Targets will reassess once we determine the break.
Alico Wave Structure Positive, Technicals NegativeALCO is a tough one to call. There are more negatives than positives, yet it is in a good industry, because the "soft commidities" are in the midst of an uptrend.
Alico-is an agribusiness and natural resources management company.
TRADE-MAP (what each letter means):
1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces.
Now the letters in MAP:
6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price




