Tuesday, May 24, 2011

Green Coffee Moutain Roast (GMCR)

Green Moutain Coffee Roast or GMCR has been on a streak since March.
Increasing a dramatic 266% from mid $30 to $80
And why not, it's not hard to imagine with the increasing number of people addicted to their
Morning caffeine, lunch time caffeine, coffee break caffeine.

However it may have keep the heart trepidating too fast.
Prices is touching the upper line of the wave 5 trend channel.
It's been so hot that it has screeched upwards with 3 gaps in it's wake.

Wave 5 of wave 5. The caffeine effect should wear off soon.
Looking to enter for a shot at $65.
To at least closed the 1st gap down.
But for it to do it it has to crossed through the triple MA barb wire
The $70 psychological level.

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