$SBUX was a MASSIVE winner in 2015, doubling its stock price. Since November of last year the stock has taken a breather. $SBUX has been unable to sustain a breakout over its MA's. CMF seems to have bottomed out and is leveling off nicely. We will keep a close eye on this stock as the year closes out. I expect $SBUX to regain momentum early 2017. Short term =...
Reasons To Short: Upward Channel Breakout Can Lead To Trend To Follow Trend Is Down Moving Averages Compression Holding This Area For A Long Time Volume Is High This Pair Can Easily Form Gaps
Shout out to @timwest for pointing this stock out, and his excellent analysis. This chart is offering good technical entries for smaller timeframes. This trade is currently pending. Reasons Strong overhead resistance Testing dynamic trend line support Declining RSI Declining bull volume Channel Trend Great R/R Warning: a stop-run could easily occur...
You are looking at a WEEKLY chart of SBUX. Starbucks recently split the stock 2 for 1. The stock ran up into that split and is now digesting all that action. It has been lower for the last 3 weeks. But I expect SBUX will soon resume its trek higher. In late 2008 and early 2009, SBUX put it a Double Bottom. In early 2009, SBUX began going higher. It has...
Price has been trading steadily within a long term bullish Uptrend Channel, since Jan 2011 up till today (24 July 2014) Price has recently trace from High of around $81.00 (26 Nov 2013) and found support along the Uptrend Channel Line. We also note a minor double bottom (31 Jan 204 - 16 May 2014) within the Channel. This indicates a reversal of the bearish...