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...
Starbucks has found support at $68 area after it topped at $82. It attracted attention after it broke up consolidation and regained short term moving averages near $71 and caught some follow through momentum with gap above 100 and 200 EMAs. It took couple of inside days to regain some power and on yeasterday it broke this consolidation and triggered another...