Looks like JVA is tracing out a giant flag pattern on the daily
chart at stockcharts.com. Volume has fallen off a cliff since the
run up (on huge volume) in early September. Today's candle bounced
right off the 50 ma and looks like a hammer (reversal pattern?).
Thoughts on buying if it opens above today's close and continues
to move higher...with a stop at the 50 ma?
Sorry - I don't know how to post the chart.
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Thoughts on JVA
Posted by RichieD on 10th of Oct 2012 at 07:52 pm
Looks like JVA is tracing out a giant flag pattern on the daily chart at stockcharts.com. Volume has fallen off a cliff since the run up (on huge volume) in early September. Today's candle bounced right off the 50 ma and looks like a hammer (reversal pattern?).
Thoughts on buying if it opens above today's close and continues to move higher...with a stop at the 50 ma?
Sorry - I don't know how to post the chart.