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.
Long Idea going into 2016... nice bull flag and holding support
Sbux call position predict 15/12/2015
Starbucks's in uptrend show bullish engulfing candle. Long for first target @ 63.49 usd. stop loss @ 61.12 usd
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...
"I was taken by the power that savoring a simple cup of coffee can have to connect people and create community." Howard Schultz Starbucks serves weak amphetamine in a hot drink. Paired with a social luxury lounge atmosphere, only TWG Tea could ever compete. If you are one of the peasants who decry, "Starbucks is overpriced!" "Starbucks is a scam!" even more...
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...
Will alcohol sales reignite SBUX into a new, long term uptrend? Upside potential to repeat the rally that occurred into the start of the Cup&Handle consolidation/accumulation from 82-68. Dips to 82-81 are good buying opportunities. $5 stop loss from entry. Tim 87.26 last