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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

This is Some Serious Gourmet…

chessNwine Tue Apr 22, 2014 3:38pm EST 5 Comments

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Coffee has had a great run in 2014, with 12631 members riding the trend since January impressively.

Today, the JO ETN is breaking out from a five week-plus cup and handle formation, seen on the daily chart below.

Holding over $42 is going to be a key step for bulls in trying to forge another move higher.

Stay tuned for my video market recap after the bell, with commentary on the metals and miners, too.

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JO

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5 comments

  1. superocean9
    superocean9
    April 22, 2014 at 3:47 pm

    Classic C&H pattern [With] bullish fundamentals to boot. Nice.

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  2. illmighty
    illmighty
    April 22, 2014 at 4:31 pm

    How apropos!! Might have to grab some just for the novelty of it.

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  3. Debra Lee
    Debra Lee
    April 22, 2014 at 5:42 pm

    Hahaha! Yes, apropos to have a cup & handle for my coffee!!!

    Chess: I fear I sold too soon today (1/2 of all my calls, all @ HOD for all 3 strikes: May 40’s @ 94.7%, May 41’s @ 76.57% and May 42’s @ 140.91 % GAINS. Thanks to YOU for the introduction to my guy JO, which I’ve owned since 9/18/13. It has single-handedly erased all my Apple losses this year! xoxo =^.^=

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  4. Debra Lee
    Debra Lee
    April 22, 2014 at 5:49 pm

    Chess: Do you have a price target in mind? Do Cup & Handle patterns have measured moves? Thanks. =^.^=

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