Starbucks Corp SBUX Daily - Rallied to Ideal Entry Level to Sell

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REPUBLISHING chart as SBUX             has rallied to an ideal spot to sell short.

Note previous charts. Links provided below.


11:06AM EST 5/29/2014
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This 75/76 level looks like a good place to enter a short position. Confirmation of this short being a good long term trade would occur when SBUX trades below 69.75.

FYI, I'm not taking this short as I feel that SBUX will continue to make new highs this summer. Sure is tempting to short SBUX here though.
market is in bullish trend. Kindly stop supporting your analyst friend TIME WASTE....SBUX is going to 78 i can see that and now market is back to up side...SnP is easily hitting 1960. there might be a small dip but then will recover again.
Barker LetsBeMillionaire
Keeping it simple for you.
ok this one makes sense but if it closes 75.5 then it has potential to hit 77 and if crosses 77 then might hit 82 but for SBUX i dont see it hitting 80 now. Market is already at peak and no -ve news right now. I have a feeling that next week might be profit booking and market might go down lit bit. I agree with this analysis now. Thanks
Barker LetsBeMillionaire
Yeah, tough to short anything. I'm eyeballing a short in AET as well.
HamedAghajani LetsBeMillionaire
Will you consider more upside momentum at this stage? or you think we should have short dip. The price has completed a Bearish Bat pattern at 77.41.To me it seems that the price action is struggling to pass the resistance.
Dude...pls dont post analysis which may not be correct...I am noticing most of your last few analysis are completely wrong. Whatever you say, exactly opposite is happening. you are not TIM WEST ...you are TIME WEST.
Barker LetsBeMillionaire
I think you might be missing what TradingView is all about. It's about seeing the big picture and sharing your view. Right or wrong.

The beauty of Tradingview is that the users are not afraid to be wrong. And just because the stock didn't do what he/she charted doesn't mean that the info was not useful. After a few days we can go back and see what went wrong with the analysis. Tradingview helps me a great deal but in no way do I trade solely because of a chart that I see here.

The reality is that Tradingview is a learning tool. Not a trading tool.

Tough trade in my eyes. I feel like SBUX is poised to make new highs this summer.

If I was to take this trade I'd take a small short position as it pushes up to 76 and then wait for confirmation of the reversal which IMO would be when SBUX trades below 69.75.

It'll be interesting to watch though.
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