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Day Trader001
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Retired from US Airways, Day Trading is a great, but with these markets Swing Trading is more to the norm and quite profitable. Advocate for the Horizon House in Indianapolis. The Horizon House is the only Day Shelter for the homeless in the city and does wonderful work assisting people in... More
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  • JVA rising!
    A news item found on Fidelity.com shows great possibalities for Coffee Holding Company!
    If you are into charting like I am,  your gonna love this!


    Technical Event

    Coffee Holding Co Inc forms bullish "Continuation Wedge" chart pattern

    Recognia has detected a "Continuation Wedge (Bullish)" chart pattern formed on Coffee Holding Co Inc (JVA on NASDAQ). This bullish signal indicates that the price may rise from the close of 8.76 to the range of 14.75 - 16.25. The pattern formed over 61 days which is roughly the period of time in which the target price range may be achieved.

    Coffee Holding Co Inc has a current support price of 7.99 and a resistance level of 8.88.

    A Continuation Wedge (Bullish) is considered a bullish signal, indicating that the current uptrend may continue. Prices edge steadily lower in a converging pattern i.e. there are lower highs and lower lows. The technical event occurs when prices break above the upper trendline, thereby confirming the pattern.

    This bullish pattern can be seen on the  chart and was detected by Recognia's proprietary pattern recognition technology.

     Recognia Alert Wire content is generated at market close by Recognia Inc. (recognia.com). Recognia has developed proprietary technology for chart pattern recognition and automated interpretation based on the standards of technical analysis. Recognia investment research products scan all financial instruments across covered exchanges and generate news alerts for those that have formed one of more than 25 patterns.



    Disclosure: I am short JVA.

    Additional disclosure: This is article is directly from the fidelity.com web site.All credit is due fidelity and Recognia.
    Tags: JVA
    Jan 06 8:56 PM | Link | 3 Comments
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