Good long term chart. The sector is moving.
Looks poised for a clean breakout.
SL: Below BO Candle
TGT: Breakdown for 20MA on Hourly chart (on a daily close basis)
The entire sugar sector is on an upmove.
Other sugar stocks are also breaking out.
This has tested the resistance once,
but sellers couldn't push the price down by much,
which means absorption is happening near breakout.
SL: Below Breakout Candle.
Tgt: Break of Hourly 20MA on the down side.
