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...
Short until the next weekly support. Then let's see what it does next.
We are currently in a long sideways phase that has been exited only briefly in a little over a year. Within the price range of approx. $53.00 – $63.00, the value is oscillating in sometimes larger, sometimes smaller movements. Since the beginning of December, a clearer downward trend has now formed. The value of the stock is showing rising volume in the downward...
Sorry for not posting the original buy. This is my price target short term for SBUX. The 24th is a dividend date and I will collect those as well. This stock is small movement but profits none the less.
As I noted in the above chart, closing below the 100 WMA again is a troubling sign for the bulls. I am watching the 52.50 level. If that level goes, the 200 WMA is up next at ~47.50. The last time Starbucks fell below the 200 WMA was in 2007. It fell another 70% bottoming out around $4. Granted, that period was an extreme event and the company is more mature and...
As I noted in the above chart, closing below the 100 WMA again is a troubling sign for the bulls. I am watching the 52.50 level. If that level goes, the 200 WMA is up next at ~47.50. The last time Starbucks fell below the 200 WMA was in 2007. It fell another 70% bottoming out around $4. Granted, that period was an extreme event and the company is more mature and...
You wouldn't have known it last week with all the inauguration hoopla, but we're in earnings season. Now that the hoopla's in the rear view mirror, earnings will take the market stage (and, yes, a bit of digesting of what all "the hoopla" meant). SPY et al. (Broad Market) From a premium seller's perspective, "SPY and friends" continues to be an unproductive...
5 waves impulsive move up from November low followed by 3 wave correction holding 50% Fib support. Looking for a continuation of the move up from here.
SBUX held weekly support with timing. Clear where it may go to black cross iMTF resistance in the run up to earnings
Potential reversal signal forming. Early EP is now at near $56.50 with tight Stop Loss. Wiser entry is to wait reversal signal to form/or after price rejected the support /ascending channel at $56.50
MA5 says its going down, but longer MA TFs say go up. Weeklys also agree that it is in uptrend. However, I'd rather way for confirmation on the breakdown/breakout (blue dashed line).
$SBUX is following through on a great last two weeks of price action. On a down day in the markets overall, the stock is up over .5%. The next hurdle to get through is the year long resistance level at $58.10. If this can break and hold, the stock has nothing but clear skies ahead. www.trendyprofits.com
SBUX DLY prices have broke the cloud to the upside (bullish) but have some resistance at 55.88 and 56.14, waiting for confirmation from the lagging span which has closed below its resistance as well but has a kumo twist (weak spot) to go through. We had a very good uptrend this week, we could expect a pullback at the top of the cloud around 55.30 and a bounce off...