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I graduated from Bocconi UniversitY in Milano(Economics), I am interested in Markets, I love SA and I am learning a lot here......
  • Monsanto looks Good Long term, TechnicallY it looks even better now
     
    • I believe November lows are Strong Support levels, should it go under, opticallY on the Chart 40 $ and 60 $ look like possible support levels, 2006 and 2007 Mon traded around these levels for months......, I think traders will look for fibonacci retracements from the High(140$) to the actual supposed low around 68$ and may use them to set resistance levels, there are no resistance lines until 80$, so it could easily go to 80$ and the first fibonacci retracment 23%(possible resistance) is just around 80$, so everything looks good and Soft commodities prices are up a lot too. May be 75$ could be some kind of resistance, but 80 looks better as resistance, it is also 200 MA, so it could easily go above 75 to 80$, last time it hit the lows in october november and december it went from 70 to 80 in one or two weeks with no pullback, so it reallY looks like a great buY......it is also trading at the lower Bollinger band, same as it did in october november and december, when it went from 70 to 80 with a straight line......in the last 3 years Relative Strenght Index never was as low as it is now......| Syngenta, Monsanto´s European competitor is trading 40% above its november lows and it had similar troubles with its pesticide business...... .
      But Syngenta has a lower Forward P/E(2010), Syngenta Forward P/E is around 14 and Monsanto is around 20......, Monsanto has a 12 Months target consensus of 87$, forward P/E 2011 is 15 and 2012 is 10 considering actual price and estimated Earnings(Data taken from Nasdaq Website)......
      http://www.nasdaq.com/earnings/analyst_summary.asp?symbol=MON&symbol=NEP&selected=MON
       
     
     
    Tags: MON
    Nov 04 12:15 pm | Link | Comment!
  • Monsanto Looks Good Long Term, TechnicallY it looks even better now
    • I believe November lows are Strong Support levels, should it go under, opticallY on the Chart 40 $ and 60 $ look like possible support levels, 2006 and 2007 Mon traded around these levels for months......, I think traders will look for fibonacci retracements from the High(140$) to the actual supposed low around 68$ and may use them to set resistance levels, there are no resistance lines until 80$, so it could easily go to 80$ and the first fibonacci retracment 23%(possible resistance) is just around 80$, so everything looks good and Soft commodities prices are up a lot too. May be 75$ could be some kind of resistance, but 80 looks better as resistance, it is also 200 MA, so it could easily go above 75 to 80$, last time it hit the lows in october november and december it went from 70 to 80 in one or two weeks with no pullback, so it reallY looks like a great buY......it is also trading at the lower Bollinger band, same as it did in october november and december, when it went from 70 to 80 with a straight line......in the last 3 years Relative Strenght Index never was as low as it is now......| Syngenta, Monsanto´s European competitor is trading 40% above its november lows and it had similar troubles with its pesticide business...... .
      But Syngenta has a lower Forward P/E(2010), Syngenta Forward P/E is around 14 and Monsanto is around 20......, Monsanto has a 12 Months target consensus of 87$, forward P/E 2011 is 15 and 2012 is 10 considering actual price and estimated Earnings(Data taken from Nasdaq Website)......
      http://www.nasdaq.com/earnings/analyst_summary.asp?symbol=MON&symbol=NEP&selected=MON
    Nov 04 12:07 pm | Link | Comment!
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