ADM has been going through strong bull runs, consolidations and then continuation from the consolidation back up.
This looks like another set up for a continuation up. The market has run up, in part perhaps due to the commodity price increases and is now consolidating, perhaps as commodities cool off or maybe just old fashioned profit taking at a new high.
Typically these consolidations should continue up, however with commodities taking a breath there are forces at play beyond the stock itself so I'd wait for a breakout rather than jump in during the consolidation in case the move breaks down.
Then consider the exit of the flag and distance to the ATH (orange line) and potential resistance in between when choosing an entry.
This looks like another set up for a continuation up. The market has run up, in part perhaps due to the commodity price increases and is now consolidating, perhaps as commodities cool off or maybe just old fashioned profit taking at a new high.
Typically these consolidations should continue up, however with commodities taking a breath there are forces at play beyond the stock itself so I'd wait for a breakout rather than jump in during the consolidation in case the move breaks down.
Then consider the exit of the flag and distance to the ATH (orange line) and potential resistance in between when choosing an entry.