I put up CF Industries on an RRG Chart and saw it just soaring. Here is a link to the live chart.
That CF chart also looks beautiful in a StockCharts SharpChart.
The stock is still half price to what it was a year ago, suggesting there is more room to run. Seeing the SCTR accelerate out of an oversold base is a beautiful signal once again.
I covered off some of the Agriculture related charts on my webinar on Thursday. Commodities Countdown 2016-12-08.
You can catch other trade ideas from me on Twitter @Schnellinvestor.
Have a great weekend and good trading,
Greg Schnell, CMT, MFTA.
About the author:
Greg Schnell, CMT, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA).
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