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Commodities

Green Mountain Coffee Roasters Inc. (GMCR) : Still gapping down

Since the announcement of SEC investigating its financials, GMCR has gapped dow. It has only manage to hold the price before the price gapped down again today.

Given that investigations are still ongoing, it is definitely not a good time to catch the falling knife.

Base solely from the chart, it seems like the kumo support at $29 may not hold for long.

Vested. I have a short Vertical CALL spread when it first gapped down.

By iam802

Trend trading with Ichimoku