npatz_2000
Short

WYCKOFF SHORT ON GMCR

BATS:GMCR   GMCR
75 1 2
1. Relative Strength Analysis: GMCR             has underperformed the SPY             and XLP             (Consumer Staples             Sector) over the YTD, 6 and 12 month periods.
2. "Break the Ice" (BTI) after several attempts at the red/green support levels
3. Now GMCR             is in a "Back Up to the Ice" rally
4. Entry - I would wait for a re-test of this swing high in the form of a bearish flag, for instance, (preferably on a volume spike), but I would enter a small position now at the previous close, 122.87, and add to it on my preferred entry.
5. Stop - close above the previous swing high at 134.79, and alter the stop if I get my preferred entry.
6. Target1 - 80-88 range
Agreed.
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