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Rightsidetrading
Jun 29, 2017 4:17 PM

What Are They Serving At Starbucks (SBUX) Short

NASDAQ:SBUX1W
Starbucks CorporationNASDAQ

Description

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SBUX Weekly Chart Looking Bearish with #bearishengulfingsignal and #doubletoppattern

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SBUX still not showing any signs of improvement. Hold the shorts, take your profits.

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SBUX...Sad day, stock keeps going down. Hopefully people took their profits like we said they should back on June 29.
Bearish PatternsBearish EngulfingbearishsignalbearishcandlestickbearishpatternDouble Topdoubletoppatternbearishdoubletop
Comments
Rightsidetrading
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SBUX still not showing any signs of improvement. Hold the shorts, take your profits.
estevens11
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Also looks like it could be coming into come support from the breakout in april
Rightsidetrading
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@estevens11, ...are you looking at the weekly chart or the daily chart.
estevens11
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@Rightsidetrading, Weekly
piete
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few more days and we should see a bounce
Rightsidetrading
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@piete, got my attention, what am I missing...why do you see a bounce?
piete
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@Rightsidetrading, I am thinking we are approaching end of wave 4, but pattern will be complex I am thinking of buying at around 57.90 - will wait for now, maybe after long weekend.
Rightsidetrading
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@piete, ok cool...thanks. I'll look into that.
piete
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@Rightsidetrading, sure, I am watching it, thanks for following me, but I am not a guru, follow PROJACK - that guy seems to know what he is doing
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