keep an eye on the 60 min, even though it was overbought, as we
noted it didn't have any negative divergence on the 60 min chart,
thus it could just run higher, which is has continued to do so.
Now though there is some on this last push
yes longer term I like it, decide how you want play it. if
it closes with a sold candle today one could probably set a stop at
50% of that candle, or better yet it forms a doji on the daily and
the 60 min has div, that would be a good sign finally that a
pullback may occur. Then I'd be a buyer on the next good
pullback because of the week. Or if you have enough profits
and just want to give a core position a lot of room to hold it,
that's fine too, but you have to decide on your stop and exit
strategy still. Different for everyone
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keep an eye on the
JO (Coffee)
Posted by matt on 8th of Jun 2016 at 09:42 am
keep an eye on the 60 min, even though it was overbought, as we noted it didn't have any negative divergence on the 60 min chart, thus it could just run higher, which is has continued to do so. Now though there is some on this last push
yes longer term I like it, decide how you want play it. if it closes with a sold candle today one could probably set a stop at 50% of that candle, or better yet it forms a doji on the daily and the 60 min has div, that would be a good sign finally that a pullback may occur. Then I'd be a buyer on the next good pullback because of the week. Or if you have enough profits and just want to give a core position a lot of room to hold it, that's fine too, but you have to decide on your stop and exit strategy still. Different for everyone