Strong push down to $17 dollars should be met with institutional support. Will take a long position if we make there before week end.
I see a bullish divergence on the daily chart for coffee. The MFI has made higher lows while price has made lower lows. I believe coffee is headed higher to at least the 50% level of 1.4585 (if not high 140's).
Triple bottom forming on 61.8% retracement which is a good support area. Expecting price to break out of the triangle and target the 165 area.
.... doubt it will happen this year. last year we had three severe frost scare days/weekend. IMHO this market is where it is merely because of cautious buyers ahead of the season. I see rangebound through July and if no frost happens more downward potential. Technically speaking, the bull market appears to be over.
• Entry at completion of Batt pattern @127.27 • Double bottom formation at batt completion price further supports bullish signal. • Fundamentals support long term bullish position due to draught concerns, similar to 2016: www.bloomberg.com
Looking to trade coffee long with stops under previous cycle low for conservative risk. Target upper TL , allow for fluctuations of price with an accommodative stop management in order to achieve the desired target.
Rising trend line and even number support approaching ($19). Check related idea for coffee trade that worked out in 11/16.
My plan is to enter around 53.00 with a relative tight stop below the 51.00 low. So the risk is really manageable, but the potential on this stock is very tasty, there is a potential for a 20% rise. Before entering i will be looking at smaller timeframes to ensure that bulls are coming in, and stabilzing the price. Fundamentally i have read several positive...
We are currently in a long sideways phase that has been exited only briefly in a little over a year. Within the price range of approx. $53.00 – $63.00, the value is oscillating in sometimes larger, sometimes smaller movements. Since the beginning of December, a clearer downward trend has now formed. The value of the stock is showing rising volume in the downward...
Coffee is already almost hitting the trendline formed on the Daily chart. It broke the 4-hourly trendline some days ago so a bit of extra caution is needed; however, the Risk-Reward-Ratio looks quite promising. Watch for the opening of the next 4H chart!
Coffee is already almost hitting the trendline formed on the Daily chart. It broke the 4-hourly trendline some days ago so a bit of extra caution is needed; however, the Risk-Reward-Ratio looks quite promising. Watch for the opening of the next 4H chart!
with all this unnatural weather it only makes sense to go long on COFFEE!!!! Grab your espresso and lets rock!
A visualization of Second Cup coffee shop chain stocks since 2014, when Alix Box took over as CEO. Part of business article on the company written by a Master of Journalism student.
As I noted in the above chart, closing below the 100 WMA again is a troubling sign for the bulls. I am watching the 52.50 level. If that level goes, the 200 WMA is up next at ~47.50. The last time Starbucks fell below the 200 WMA was in 2007. It fell another 70% bottoming out around $4. Granted, that period was an extreme event and the company is more mature and...
As I noted in the above chart, closing below the 100 WMA again is a troubling sign for the bulls. I am watching the 52.50 level. If that level goes, the 200 WMA is up next at ~47.50. The last time Starbucks fell below the 200 WMA was in 2007. It fell another 70% bottoming out around $4. Granted, that period was an extreme event and the company is more mature and...
Long signal triggered with entry into long zone. Three to four month time horizon on this trade. Will add with any continued weakness. FIRST TARGET: $22.40 SECOND TARGET: $24.50
Coffee moving gracefully upwards both on H4 and D1 does not show signs of trend change at the moment. Did this analysis on Thursday and forgot it there without entering the trade... well done!