Today was technically significant. The bounce back to the $9.30 to $9.40 range extends the handle in the most bullish of all formations- the Cup and Handle. Another week or two forming this handle will be extremely bullish. There has been steady selling at $9.40.Once these sellers are taken out AGRO will be ready to 'bust a nut', so to speak.
market cap- $1.1 Bil debt roughly the same as cash 800,000 acres at $2,000 acre-$1.6 Bil the most advanced farms in South America growing sugar based ethanol business
Risk- punishing government policies and currency devaluations
Load up under $9.40 and get ready for the fireworks.