JJOFF (coffee ETN) will be added as an official long swing trade here following this breakout above the bullish falling wedge pattern. The price targets are T1 at 15.57, T2 at 16.39 & T3 at 16.99 with the possibility of an additional price to be added around the 19.00 level, depending on how the charts develop going forward. The suggested stop is any move below 13.80 with a suggested beta-adjusted position size of 1.0.
JJOFF Coffee ETN Trade Idea
Comments are closed.