Kimble Charting Solutions: Agricultural ETF Testing Break-Out – April 10, 2019

April 10, 2019 Bob Weir Agriculture & Fertilizer Companies, Industry, Kimble Charts, Technical Pundits

The last few years have been hard on Agriculture ETF (DBA) has it has lost nearly 50% of its value.

Is the hard-hit AG ETF showing signs of green shoots (growth)? Possibly! The trend for DBA remains down as it continues to create lower lows inside of this falling channel. It hit the bottom of this channel a few weeks ago at (1) and a small rally has taken place. Does it mean the downtrend is over? NOPE!

The small rally of late has DBA testing the 2018 lows as new resistance at (2), which presents itself as a breakout test. If DBA breaks above this resistance, it would send a short -term positive message to this hard-hit ETF! If it does break out at (2), look for some green shoots of growth to follow!

Here is the full article, with the chart: … … Kimble_041019

About Bob Weir 3242 Articles

Bob Weir has over 50 years of investment research and analytical experience in both the equity and fixed-income sectors, and in the commercial real estate industry. He joined eResearch in 2004 and was its President, CEO, and Managing Director, Research Services until December 2018. Prior to joining eResearch, Bob was at Dominion Bond Rating Service (DBRS).