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Monday, March 12, 2012

GMCR - Initial Entry

Well, at least prices are 5% better than last Friday when I took notice.   In addition, the risk reward is now a lot better.  The trend line support is just below, and the 23.6 Fib at 48.28 is not far away.  Even if just dead-cat-bounce, the horizontal gap resistance should be tested in the future.  I am a bit front-running this trade. At least JVA is an inspiration :)  Do your own due diligence and pull your own trigger as always.

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