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balinor
Feb 14, 2024 10:24 PM

A good chocolates  Long

The Hershey CompanyNYSE

Description

Earnings was not so exiting because of cocoa overpriced

Price near lower border of short term channel up can be a good entry point with a target of 207$ next week

Can also be interesting under a long term view

Comment

Cocoa drop 5% last week, uptrend can get more strength

Comment

Breaking out with strength

Comment

Cocoa price continue to rise (+20%) last week

I think Hershey is a good stock but it is not the best moment for a bullish move

Comment

Comment

I think today it will start moving up, cocoa price down -4%

Trade active

Long 187,10$
Comments
eddierodriguezroman
Why do you think it’s not the best moment for a bullish move? The setup looks great! Thank you for this and also how did you find the set up do you use any scanner?
balinor
@eddierodriguezroman, Hello, yes setup is (very) good technically but cocoa price rising every day slow down the upside move
Hershey lost a lot of price because of increase in cocoa price and now is getting worse
I closed my position last week and I'm just looking right now
eddierodriguezroman
Alright thank you so much for sharing I’ll be paying attention too and good luck in your trading
balinor
@eddierodriguezroman, Cocoa another +3,5% today... not good for Hershey
eddierodriguezroman
@balinor yes im paying attention to it im not in but ill be waiting on the right time
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