AMI ORGANICS

27 May 2023

• Prices had been consolidating between 850 and 1150 since October 2022.
  
• This week, prices have cleared the upper end of the trading range decisively.
  
• Weekly RSI has also cleared its previous peak level, suggesting strength.
  
• Prices are expected to initially test its prior all time high of 1434.
  
• Since there is not enough history, riding the trend is important.
  
• Bullish outlook remains valid as long as price sustains 1130.