As it was already mentioned in previous publications about Javalution Coffee Co (PINK:JCOF), the company has entered a distribution phase, which is still in full power. Supposedly, many long investors have heaved a sigh of relief after the stock managed to defend its new trading range and didn’t retreat back to previous critical lows.
In fact, in the last three days JCOF determinately started to climb again and prepared to attack the 52-week high yesterday. Unfortunately, the stock encountered considerable resistance at $0.7 and eventually went back to $0.61. Still, JCOF finished 4% higher than the previous close.
The fact that the stock has bounced back from its resistance can result in more selling 
pressure, especially now that the RSI indicator is at the threshold of the overbought area. However, for now there is no reason which can force JCOF out of its trading range.
The company hasn’t issued any news in the last seven days and if this continues investors might run out of discussion topics about JCOF on the forum boards.
The near-term future of the company seems encased in the confines of the trading channel that has formed when the distribution phase started. The most vital question now is how long this phase will continue. This, however, cannot be answered, given the present market situation.
