Within the last week, GMCR
has broken two important TL supports (the primary of which is the channel it has been trading within since Nov 2013
). Additionally, the 9 EMA
has crossed the 20 MA, faces strong RSI
resistance on the backtest of its TL, a shooting star
is forming on the daily and a possible head and shoulders
in formation. Would take this trade, targeting $125.75, if my portfolio allocation allowed it. Time of writing, last price - $138.23.
1.9.15 - 11:36am EST