$DBA Long Swing Trade Idea

24 בנוב׳ 2021

DBA Agriculture fund looks bullish on weekly (macd cross) and monthly time frame.

Looking at the monthly chart we can see a break above $20.75 zone implies a move through the VP gap to $23.8 zone resistance.

MACD showing good momo and EMA's bullish cross implies continuation to the upside.

Open Interest is very heavy on the call side, and on 11/17 a whale bought 10,300 contacts of the 1/21 19c ... Given the technicals and chart I followed this trade idea.

Trade is working +14% so far and I think there's more room . Whale is still in the trade as well.