Double top on resistance and head and shoulders forming. Cycle from 2009 is due for a correction. Look at the previous cycle for a clue. The trend of parabolic advances may continue after after a correction to 42 or even 50 if lucky, but this year doesn't look too hot for the coffee giant.
Maximum Volume and momentum followed by a giant reversal pattern. Price level $50 to be tested.
Price needs to correct and consolidate before finding upward movement
Spotted reversal in SBUX. It making higher high above EMA200. Would be nice if the price able to close higher in next few day Looks like it is forming rounding bottom
After an impressive 800% gain over 25 years ? Perhaps its high time for a major dip
SBUX has an weekly cypher pattern and the entry point is right here, yesterday it was an inside day breakout but it didn't give great follow through. With regard to weekly level harmonic pattern, a small inside breakout may not be good enough to take as a confirmation entry. So my game plan will be: 1. pay attention to the intraday price movement to find an...
The good thing about this stock is that it usually recovers in a fairly quick amount of time. This stock doesn't always recover right away. I personally think Starbucks is coming to an area of previous support, so I believe price will follow history and recover back to the pre-earnings prices. Remember if you take my ideas to live trading, please remember that...
Let's face it, investors love Starbucks. Even after it's most recent dismal earnings report, the floating interest is at 1.62 %. I'm in for the short term bounce. Let me know your thoughts! Steven W.
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...
Starbucks long position 1: At Support line 2: Rsi is oversold U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures, Stocks and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade...
long term trend is in uptrend with trend strength increasing intermediate time frame is showing increasing uptrend with slightly flattening longer term moving average might be indicating consolidation...forming a tight symmetrical flag in uptrend move should lead to breakout past resistance area of 63.5x area and into areas of least resistance target is the .618...
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I see these two sine waves as you can see, market on the chart. In my head, this could play out as follow: - filling the GAP - wipe out the longs who placed their stop below the minor sine wave - pullback and... - ...because of short term overall market drop, wipe out even the stops below the macro sine wave. Whoaah...a little too far ahead for my feelings. But...
This can be a long term bottom for Coffee. I will be entering longs on Monday. The monthly chart indicates this could be a gigantic double bottom at play. CoT data is interesting, with large speculators going flat... I expect the low printed here to hold, if we break this week's high it'll trigger a rally. Good luck, Ivan Labrie.
Bought 61.5 Call Sold 2 62.5 Call for .35 credit. Max win is $135. Our break even is at 63.85
Is starbucks going to take another hit or is it going to rise above?
On March 24, 2017 Starbucks (SBUX) crossed over the 50, 100, 200, and 250 day moving average (MA). Also, the 20 day MA crossed below the 200 day and the 50 day crossed below the 100 day MA. Historically the stock has crossed above the same four MAs three times and the stock moved up 3.704%, 4.927% and 9.000% over the next 25 trading days. The 20 day MA crossing...