The prospects of Wilmar on the technical chart does not look bright. 1. As of May 9, it has gap down and fall through the kumo support from 3.27 to 3.20 2. The leading kumo is twisted and is showing a downward trend. 3. Long term support is at around $3.
A few warning signs are coming up for Green Mountain Coffee Roaster ($GMCR). On the Daily Ichimoku Chart, we can see the following: 1. From the Chikou Span, it suggest that the price pattern is developing a possible head and shoulder. It is incomplete and if it dip below $42.78 , the pattern wil be… Continue reading $GMCR . Watch the support. $42.78
This is one position that I have been holding close to 1 month. I first write about it on Apr 4 betting that the bearish move will continue and it will break the $43 support level and a target of $33; adding to my positions as it goes up. The fortunate part is the Chikou… Continue reading $GMCR . Ichimoku Chart Review Update