$GMCR hits the Tenkan sen and continues on its way down. It closes just above the Support level of $49.56 Given that $GMCR has closes its ‘gap up’, this is an extremely bearish move for GMCR. Vested. Bearish. Looking to add on to a winning postion.
A possible good entry for a short. RIMM opens at resistance and head down. A letter ‘h’ may be forming. My long term view on RIMM remains bearish.
Garmin has very bearish chart today. Like the broader market, Garmin rallies on market open but quickly reverse as its results was released. From $30 to $33, it quickly lose ground and is now back at $30 (before the day ends). From a technical analysis standpoint, this isÂ a very bearish chart. 1. Candlestick shows… Continue reading Garmin (GRMN) : Bearish ….