This chart shows the performance of Second Cup's stock on the TSX for the year so far.
Finally, your cup of Joe may start getting cheaper (in 6 more months), commodity prices set the current contracts which usually don't arrive for 3 to 6 months. Maybe time to start locking in for 2015
KC put in its strongest weekly performance in about a month, reinforcing the line in the sand at the 180 horizontal support zone as seen in the attached chart. The 180 level also coincides with the uptrend support line connecting the low earlier in the week with the January 2014 low. Based on the renewed upward momentum these last few days, and the apparent...
After a perfect buy around 10, it seems the topping process around 20/22 is over things could get in order on the way down. Only issue: already 3 usd from top so money management is key... Small is beautiful
Maximum potential output from the 2015 coffee crop at Brazilian cooperative Cocatrel is already 30% below production in 2013, when 1.5M bags were harvested, and outlook is "worsening every day" without rain, technical director Jorge Luis Piedade Nogueira told Reuters on Tuesday. In August, Cocatrel said drought in the first quarter of the year would have an...
Maximum potential output from the 2015 coffee crop at Brazilian cooperative Cocatrel is already 30% below production in 2013, when 1.5M bags were harvested, and outlook is "worsening every day" without rain, technical director Jorge Luis Piedade Nogueira told Reuters on Tuesday. In August, Cocatrel said drought in the first quarter of the year would have an...
Outside of being one of the most well managed companies on the market , technicals seem to indicate a short-term bump up is pending. Price action seems to indicate fairly strong support at this point. Looking four a move to around the $78 region before encountering some resistance. On the downside support seems to be strong at the $74 region. Volume seems to...
After yesterday's late session rally, KC sits increasingly well positioned for a resumption of its uptrend. In my daily chart, you can see KC sitting at an uptrend support line (constituting the lower line of an ascending triangle) that began in Jan 2014. My next key target is ascending triangle resistance, in the 207-213 zone. Crucially, the weekly and daily...
A moderately interesting comparison to the coffee rally of 1976. While the damage to the coffee production from the recent 2013 drought remains unclear, Arabica coffee tends to have a very forgiving and quick price revision tendency.
Price has been trading steadily within a long term bullish Uptrend Channel, since Jan 2011 up till today (24 July 2014) Price has recently trace from High of around $81.00 (26 Nov 2013) and found support along the Uptrend Channel Line. We also note a minor double bottom (31 Jan 204 - 16 May 2014) within the Channel. This indicates a reversal of the bearish...
For a better aroma, I will be watching these supply and demand levels on a daily time frame. For now I will go short.
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Looking at JO the recent strength in looks super bullish. Eventhough im proposing the alternate idea of a double top, I still think the bullish trend is intact. However, i can't help but to think about the downside risk. I believe coffee needs to consolidate, either though price ( a sell off) or through time (sideways movement.) I don't feel comfortable going...