A company exposed to the Agricultural sector in all forms from Weather reports for farmers to Live Export of cattle.
What’s really interesting about this stock, is related to the upcoming free trade agreement with China. This is along term play on the Asian Macro picture.
The Weekly chart of ELD shows the significant low below 6c , the whole pattern that has developed over the past 2 years is an inverse head an shoulder
reversal, the right side of the pattern is now in a technical UP trend.
Hard stops would be set at 16 cents.