Indicator Signal
- RSI Neutral
- MACD Buy
- MA(200) Buy
- Fractals Buy
- Parabolic SAR Buy
- Bollinger Bands Buy
Chart Analysis
We do not rule out a bullish trend if COFFEE: D1 rises above its last maximum: 113. This level can be used as an entry point. The stop loss is possible below the 200-day moving average line, the last two lower fractals and the Parabolic signal: 99. After opening a pending order, the stop loss can be moved following the Bollinger and Parabolic signals to the next fractal minimum. Thus, we change the potential profit / loss ratio in our favor. After the transaction, more risk-averse traders can change to a four-hour chart and set a stop loss, moving it in the direction of the trend. If the price overcomes the stop level (99) without activating the order (113), it is recommended to close the position: market sustains internal changes not taken into account.
Fundamental Analysis
Coffee sales in South Korea increased by 2.2% up to $ 1.1 billion in 2019. Will COFFEE quotations grow?