Categories
Consumer Goods

$GMCR . Great kumo resistance ahead

$GMCR continue its downward trend breaking the support at around $19.74.

Looking ahead, it face significant headwinds with the thick kumo resistance cause by the massive $20 gap down back in May.

Will there be more buying of GMCR this quarter? And what will be its catalyst?

I continue to bet on the downward trend.

A $20 gap down is a huge movement and a trend to acknowledge.

By iam802

Trend trading with Ichimoku