dark dark dark roasted stock
We like coffee. We have always said it in our blog. We like $GMCR, we have always said that too. But we are not investing in it. We trade it. Don't hate us.
The stock has been in a down trend since November 2015. Every attempt at a change in trend has been destroyed (take a look at the weekly.)
Every trend will reverse at one point. Every stock goes through this. Every single one.
We get excited at any technicals that may indicate a reversal to this hellish blood bath. We don;t think we are quite there just yet. But the charts does indicate a small technical rally is in the making.
We are close, but net quiet there yet.
The stock has been in a down trend since November 2015. Every attempt at a change in trend has been destroyed (take a look at the weekly.)
Every trend will reverse at one point. Every stock goes through this. Every single one.
We get excited at any technicals that may indicate a reversal to this hellish blood bath. We don;t think we are quite there just yet. But the charts does indicate a small technical rally is in the making.
- The Stock is badly oversold and RSI is at levels not seen in many quarters, RIS had made a double bottom too. Could be bullish sign.
- MACD fast is flat and crossing above for a buy signal. But not necessarily a healthy overall signal. No news are making it cross over, other than technicals. Maybe a short bullish.
- The price is at just couple dollars away from some sort of support from 2013 and early 2014 price actions. But we don't think these will hold. One of the supports is before an earnings release. Traders created it and are most likely gone by now. The supports created in 2013 are stronger but they may indicate a fall to $77/74 prices. Not Bullish at all.
- We have traced a long multi-year Organic growth trend line. This is a trend that has remained true for many years and that has served as support and where big money investors have come up to reverse a falling trend. Our Organic line is in-line with No.4 above. It indicates a price of $77/74. Big Bearish.
- On the Weekly, we see more room to fall. The Heiken Ashi charts shows us red candles getting smaller and smaller. But we haven't seen a strong signal to make us believe a reverse is in the works. Bearish.
- Without any news to move the needle one way or the other. We believe the stock will fly on autopilot for now. Until a hot pilot with brass balls get's behind the joystick. His joystick... you know what we mean.
We are close, but net quiet there yet.