Monsanto Stalking a Re-Entry



In early July I had a buy setup in $MON. Now we did get a nice rally off an initial test of the zone, but then started to fail.  Most traders would have stopped themselves out of the position once it started to fail.  Now what do we do with this however?  Well I have two zones I’m stalking for a re entry on the buy side.  I’m looking to take buy triggers against either the 99.30-67 area or 98.28-30.  If the rally resumes, the original target will be possible, but I will also have some new targets from the smaller swings.  For example if the most recent low remains intact, then 106.17 and 107.91 will be the shorter term targets.  I will back OFF the buy side until further notice if these same pullback zones above are violated.