Teucrium Soybean Fund ETV
شراء

SOYB 2012 chart pattern being repeated.

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2012 chart pattern being repeated for the SOYB fund. Estimated 4-month holding period before another correction takes place. Taking a long position on the head of a potential head and shoulders pattern. The regression is 0.04 less (0.958 vs 0.914) than 2012 so made an adjustment to the estimated holding period from 3-month to 4-month. Placing stop loss at the 24.80 in case volatility increases. Price resistence level at 26.33 confirms expectations for further increase. Target profit price level at 28.88.

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