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AWB

Chart Forum » Stocks - ASX: long term & fundamental » The Paddock » AWB

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kate
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Username: kate

Post Number: 110
Registered: 04-2005

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Monday, September 12, 2005 - 09:09 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)


AWB has just come up on one of my scans.
Chart: Breakout above resistance level.
Fundamentals: Lower Mississipi still unnavigable due to sunken barges, port still in ruins.
Farmers harvesting crops now (wheat/corn} and can't wait otherwise there will be deterioration in the quality. Extremely limited storage available.
I don't know what percentage of world wheat comes from this region, if it is substantial Australian wheat prices will increase.

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