Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
Are you looking to make a trade out of Easter weekend? Look no further than Cocoa futures, or chocolate.
Cocoa is a soft commodity that...
As a leading manufacturer of chocolate and sugar confectionery in the United States, Hershey Co. is poised to generate significant profits during Valentine's Day with its well-known brands such as Hershey's, Reese's, Twizzlers, and Kit Kat. Despite the recent controversy surrounding the missing "tips" on its Hershey's Kisses, the company's holiday-themed...
Since mid-September CC has started an up-trending channel reaching above 2600. This is usually Put range to me: specs tend to sell at these levels reason being short term it is a peak. I would not be surprised if it would not hold. Would be interesting to see the put/call ratio at this level.
On the other hand, much has been said about recession in these last...
THere are not one but two important Support points with good vol trade indicated by Black Lines. I expect the trade will have a even better R:R if we enter at the lower Black Line.
While you’re enjoying the summer sun and clear skies back in SA paradise…
I’m afraid I’m not.
I’m trying to keep warm sitting inside a local restaurant in Greece with a cup of hot chocolate while I search for my next trade.
And surprise, surprise, cocoa popped up on my radar…
Here are three reasons why I’m buying cocoa and where I expect it to head next.
...
Buy signal on RSI and Stochastik accompanied with a ascending support line provides good entry point for a long position. via Short puts or short put spread out in Sep16 delivery month.
Expect sideways action then upside targets would be 9 day MA around 3000 and 20 day MA at 3100 (both sloping down, so expect more sideways before a rise
The Swiss Franc has always been one of my favourite currencies to trade because it abides by support and resistance lines... except when the SNB intervenes.... ouch that one hurt.
In any case, what you are seeing here are arrows point up from very strong resistance lines stretching back several months. The A arrow points up from the weakest support, the second...
