She's been a naughty one
It is time for an update on Green Mountain Coffee... What a mess.
Back on June 3rd we warned that this one was going to get spanked... and not in the good naughty way. We saw a few soft supports and warned that they would not hold and that it wasn't time to buy but wait. All of our points realized and well, we find ourselves at the bottom(?) Let's see.
Back on June 3rd we warned that this one was going to get spanked... and not in the good naughty way. We saw a few soft supports and warned that they would not hold and that it wasn't time to buy but wait. All of our points realized and well, we find ourselves at the bottom(?) Let's see.
Back in June we traced a line and called it the Organic Trend. It has been support. Investors buy here, and the stock goes back to it after heading south below it.
- We simply do not see any bullish signs other than RSI at oversold.
- $GMCR closed on Friday at a support, but a very faint one.
- There is a gap to be filled, and should get filled. Sending it to $60.
- There is no high Short %, so forget about a quick bull based on short covering.
- There are news about investors filing against the company.
- And perhaps the one action(s) that will send this cute one down to her knees: Mean PT is still $100. So more downgrades are sure to come scaring traders and investors.
- The company is at a MarkCap of $10B... Perhaps a Good Acquisition for $KO
If the weekly chart describes a Head and Shoulders, well, right about now we are all the way down to her butt...
and heading down to her knees.
Where we may camp
and heading down to her knees.
Where we may camp
Don't marry this one. She's playful. Just that. But it is not her fault. Bad Management.
We are Coffee drinkers. We like $GMCR. We like the Keurigs. We like the K-Cups. But our trading strategy keeps us from getting involved. We do not short nor we call. We build investment funds for the long term. And right now, we are not feeling any vibes. Therefore, we need to see her get up, dust off, and show us the way again.
We are Coffee drinkers. We like $GMCR. We like the Keurigs. We like the K-Cups. But our trading strategy keeps us from getting involved. We do not short nor we call. We build investment funds for the long term. And right now, we are not feeling any vibes. Therefore, we need to see her get up, dust off, and show us the way again.
"She's Playful and Dirty. But it is not her fault. Bad Management."
- on $GMCR
Three charts below: Daily, Weekly, and Weekly Heiken Ashi (My Favorite)
But Don't let that stop you from getting yourself a nice cup!
Or Two ;)