Morning Coffee Charting A chart study (something to think about besides management).
Key support level (.195 – .205) if this breaks we will see .15.
Aug-11 last bottom caused a surge. May-12 bottom caused a surge. Dec-12 another bottom forming.
Key upper resistance levels short term (.275-.285) Long Term (.395-.405). If the short term level is ever broken to the upside – both long and short term upper limits will likely break as well.
The one thing that will take us down further is an announcement of a cease in operations (usually followed by more bad news).
OR
They announce they met monthly production target of 4-6K. (If this happens it will be a shocker and that will break upside targets). I am kind of in the middle here as BT suggests they will never do it and he may be right!
Most Likely… they will produce between 1k to 2k and the bottom will hold and we will be range bound 0.195 to .255 until they can show us the money.
