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  • AvatarMangojango
    Participant
    Post count: 7

    Sean, do you think DBA is getting ready to go into wave 3 presently? I’m thinking of averaging down on it. Thanks

    Sean HymanSean Hyman
    Participant
    Post count: 1150

    While it can’t be said for certain…several things on the daily chart look promising. 1) A medium-term downtrend line has been broken. 2) There’s a golden cross on the daily chart. 3) It’s retesting the topside of that red trend line. 4) It may be nearing a wave 3 on the daily chart.

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    AvatarScott Pearcy
    Participant
    Post count: 30

    Do you think that DBA will challenge previous highs? My break even point is slightly below $24 a share….

    Sean HymanSean Hyman
    Participant
    Post count: 1150

    It’s probably better to consider bringing down your average breakeven price if you can because here’s the zone were it’s likely to experience the most resistance.

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    AvatarScott Pearcy
    Participant
    Post count: 30

    Got my break even point down to about $19.26….Once profitable, I will sell to free up cash for LI positions!

    Sean HymanSean Hyman
    Participant
    Post count: 1150

    Cool. Sounds like a plan! Good job!

    AvatarMangojango
    Participant
    Post count: 7

    Great thanks Sean! I averaged down to $18.05 per share and will be mind full of that next resistance zone

    Sean HymanSean Hyman
    Participant
    Post count: 1150

    Awesome. Good job!

    AvatarThaddeus Koniniec
    Participant
    Post count: 3

    Sean my break even point on dba is 20 should I avg down . And if so should I get out at 20 or sooner if I get in at below 16

    Sean HymanSean Hyman
    Participant
    Post count: 1150

    It should have no problem getting back to your breakeven. It’s real resistance comes in around the $22-$23+ level.

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    AvatarThankful
    Participant
    Post count: 78

    Love logging in to see a discussion on DBA. I’m at $20 break even myself, love the averaging down opportunity.

    Sean HymanSean Hyman
    Participant
    Post count: 1150

    Yeah, that’s the beauty of the site. We can talk about any former holdings that someone has or current LI picks. Always glad to help.

    AvatarBekka
    Participant
    Post count: 29

    I am also at 20! Thanks for the great advice…so helpful!!!

    Sean HymanSean Hyman
    Participant
    Post count: 1150

    Admittedly, ag has been the slowest of commodities to turn around. Metals first, oil second (currently in its next pullback) and ag third. But food isn’t going to zero.

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