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hopscotch
Aug 5, 2017 1:34 AM

December Milk uptrend Long

Description

December Milk is building out an interesting uptrend. Next downside target 16.67. There is a massive support line at 16.70 which should help in keeping milk up, but there is always a potential this could all fall apart.

Comment

Milk hit 16.67 and rebounded. Almost hit pivot. Good chance it will exceed pivot, but for sake of a number next upside target pivot at 16.96, then possibly 17.08 last R1. Triple top potential.

Comment

Milk surpassed pivot. Upside target to R1 at 17.14. If fail downside to uptrend line at S1 16.78

Comment

Milk coming down to C position at support 16.70. Turn around to D could be at S2 16.67.

Comment

Milk still using 16.70 as support. See if it continues t hold Monday

Trade closed manually

Milk fell further than expected. Revamping pattern
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