The upside down cup pattern on a daily chart is picture perfect.
In addition, the measured move of the pattern coincides with gap fill. Also, when viewed on a line chart it show traces of a small head and shoulder pattern in play. Furthermore, other high flying stocks on the NASDAQ with similar patterns are breaking down in masses.
Isn't this a good reason to long GMCR. It means that the market does not count it as a high flying stock! GMCR has a very good management team that the wall street likes. Their business is now growing internationally!
the PROS on Wal St are SHORT GMCR and SBUX.....its the hedgies and all you under 55 yrs of age that truly believe you actually have some kind of a future............your parents made money on their first house and in great stocks ...that was them you are a young AMERICAN and by all counts deserve to lose.........you will not keep up with inflation in food,college costs , med costs, etc your entire generation deserves to lose BIG TIME imo
xjtu-hw, look to the right of this page, can you see the 5 day line chart? That pattern is called a bear flag. In addition, do you know what a bearish head and shoulder pattern in play on the Nasdaq mean? Google, "Head and Shoulder not just a Flaky Pattern," click on the Federal Reserve link, they have done extensive research and their findings show 90% probability of playing out.
I see the same trade cancelled at 7:28am. Trades are determined by supply and demand. What it looks like to me, is somebody was testing that very process. You know when you bid, and someone wants to sell at your bid price, the computer matches the supplier and demander. I wonder if someone did not put a bid in @ $93.94, and then an ask at the same price. Computer matches the trade, and there you have it. Then the trade gets cancelled because the only exchange would have been commissions. But, I am sure whoever did it, must have gotten some kind of charge out of being able to manipulate the market in that way. Less