balinor

A good chocolates

Long
balinor Updated   
BATS:HSY   The Hershey Company
Earnings was not so exiting because of cocoa overpriced

Price near lower border of short term channel up can be a good entry point with a target of 207$ next week

Can also be interesting under a long term view
Comment:
Cocoa drop 5% last week, uptrend can get more strength
Comment:
Breaking out with strength
Comment:
Cocoa price continue to rise (+20%) last week

I think Hershey is a good stock but it is not the best moment for a bullish move
Comment:
Comment:
I think today it will start moving up, cocoa price down -4%
Trade active:
Long 187,10$
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