GMCR what an uptick guess no one read this http://blogs.smeal.psu.edu/grumpyoldaccountants/archives/229
Looks good for at least a short to at or near the channel line, 93 to 95. Weekly RSI overbought and showing negative divergence. Just need to see if there's a goos entry Monday, gap up and look for weakness would be best IMO.
Plan worked out great today...at first! Bought some puts after the gap up when it was printing around 106 and was up nicely, considered taking 2/3 profit but held out for a test of 100...then straight up all afternoon, son of a bitch! lol Hate when that happens but it is so overbought IMO the worst case will be a scratch trade to a small profit. Would have been great to have sold the puts around 102 to 103 and reload at EOD! Made a hanging man candle closing near the upper channel line, hopefully it does "what it is supposed to do", we'll see.