$GMCR . Watch the support. $42.78

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

$GMCR . Weak kumo support at 21.86

It seems like the signals are aligned for GMCR. 1. We have the Bearish cross from Tenkan sen and Kijun sen. 2. It has break support from Chikou Span at 23.49 3. Price is trading near the thin kumo support at around $21.86 4. Leading kumo suggest possible kumo twist; thus confirming that this rally… Continue reading $GMCR . Weak kumo support at 21.86

$GMCR . Can it stay above the kumo?

It seems like $GMCR is going to have a setup for a bearish move. From the Ichimoku chart, we can identify the following trading signals: 1. Bearish cross from Tenkan sen and Kijun sen; reflective of the price dropped from $32 to $24 2. Thin kumo support below the current price level suggests that the… Continue reading $GMCR . Can it stay above the kumo?