Arabica Coffee (KC) Daily MACD Trying to Positively Cross

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Arabica Coffee (KC) bounced almost 2% yesterday, reinforcing a higher low (last week) versus April's low. Although KC is firmly still within a descending wedge/downchannel (on the weekly chart), it is worth monitoring for a major trend reversal as hinted by the impressive ~1.15-1.26 rally in the 2nd half of April. The weekly, daily and 4hr RSI, Stochastics and MACD are bottomish, rallying or consolidating recent gains. I am looking to enter long in the green zone (of the daily chart), targeting the red zone for Thursday. The amber/yellow zone is where I might place a stop if I was a swing trader (although in my personal account with which I seldom hold overnight I set my stops tighter).


Arabica Coffee (KC) Weekly/Daily/4hr

KC (Arabica Coffee) Technical Analysis

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