Price on SBUX since the beginning of the year has formed an almost text book ascending triangle. Normally this is a continuation pattern. However, for SBUX this would be a reversal after price sunk from the ATH of $64 to $54. If this triangle plays out like it should look for a 14% pop or price to go to around $67. Of course watch for the resistance at the...
Next week is literally hopping with potential earnings announcement plays. I've tried to pick out the ones that (1) have > 70% implied volatility rank; (2) offer greater than a 1.00 credit ($100) for the "classic" one standard deviation short strangle setup; (3) have fairly good liquidity with options prices; and (4) offer weeklies, but there are also a few...
After a long run up $SBUX is taking a breather. Still within the down trending channel. if this doesn't break the channel, Look for this to come back sooner than later.
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...
3-31 New Highs On Negative RS Divergence? Thanks Anyway, I'll Pass Talk to me at a support level. A downside break of the green trend channel support with conviction spells trouble in the short term. Speaking of Negative RS Divergence, Notice what happened to the most recent highs that took place on Neg. RS divergence? Its didn't last long before the stock...
SBUX expected to open at 86.89 for a Retest Gap. To learn to trade this strategy for free, go to www.RealLifeTrading.com
Outside of being one of the most well managed companies on the market , technicals seem to indicate a short-term bump up is pending. Price action seems to indicate fairly strong support at this point. Looking four a move to around the $78 region before encountering some resistance. On the downside support seems to be strong at the $74 region. Volume seems to...
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...