zhengster
Long

SBUX time to slap the sleeping bear and run!

NASDAQ:SBUX   STARBUCKS CORP
SBUX             has been dropping recently. But the stock seemed way oversold and people are tired of selling. I predict that the stock will rise couple(3% - 4%) percent BEFORE earnings . I am not sure about what happen right during/after earnings release. As you can see the MACD blue line starts to bend upward, in my opinion the price will rise a bit(but not home run) when MACD blue line crosses above orange line. This is confirmed by stochastic oscillator that it was in oversold region for a while. (Look at how beautiful those two stochastic upward lines are!) Moreover this price area is the peak of many smaller domes in the past months so this should be a strong support. What I am afraid of is On Balance Volume (OBV). OBV has a strong downtrend there is a risk that this stock continues to fall. I will put a stop loss somewhere but if you were to buy now please sell before earnings . In my opinion betting on earnings is like gambling, UNLESS you did a lot of coffee             research.
I should of sold all before earnings call as stated in this IDEA. But dam I was gambling, I got greedy slapped the bear but I didn't run and the bear woke up :(.
Reply
Met expected earnings, investors more fearful and less satisfied. I think it will come down as it is right now in after hours
Reply
Earnings are as expected. Should go up couple more percent.
Reply
I think so, the fourth wave should be ending and up we go in wave 5, and no I don't do coffee but tea. btw 5th wave is for gamblers...
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out