Cup of JO anyone?
Coffee (JO) is attempting to breakout of its bear market slump here and surged today after moving above the 150ema on the daily. It has hit resistance here and normally I would take profits here but I’m going to let my chips ride here as I have a great entry and I want to see how this plays out.
My Second chart, a 3 year weekly, shows why my chips are still on the table. 😉