Friday, March 3, 2017

Cocoa (update)

We did get some follow  through buying today and had a close above the doji high.  That makes it a high close doji pattern.  So, the past 3 days have been bullish, which is a good sign.  We also had an opportunity to put on a small bullish position today @ 1941 with stops @ 1868.  The 10 DMA served as resistance as we failed to close above it.  This will be the next upside obstacle we will need to take out.


No comments:

Post a Comment