See chart. See the price of coffee KC1! has doubled this year: from just over $1/lb to over $2/lb. Note: Retailers are weak. Economy is flat. People spent their money on home heating oil and high energy costs and have been cutting back on discretionary coffee purchases. Perhaps the K-Cup is eating into SBUX business. $1 at home instead of $5 out at the...
Friends, I built this chart yesterday as of the first early bearish reversal signal received, however, a bearish market reversal confirmation remains pending at this time. Two potential bearish targets remain unconfirmed at this time as well (not shown as of yet in this chart), until the confirmation signal occurs. For the time being, we are expecting a relief...
The SBUX proposition is not a pretty picture from several angles: SBUX edged out a profit for the year 2013 when the price of coffee had dropped dramatically. The price of sugar dropped also. I suppose what might be happening here is that investors are terrified that if SBUX can't make money in a perfect world scenario, then it doesn't bode well going forward...
Starbucks has been going up since 2009 and is currently undergoing a correction. Earnings aren't until April 24th so there is a lot of time. The dashed line is holding as resistance and once this is defeated expect the uptrend to continue. Right now I would short as close to this line as possible and see where it takes us.
I sold some Starbucks. It gapped up, yes. But here it stopped. It made a classical Fibonacci retracement until 61,8 % and looks like it will end the day at 50 % . The previous 4 days where at a high trading volume and todays high volume may be counted like a volume retracement as well, i.e. todays price retracement less than half of the sales of the past days....
Love me some Caramel Brulees!
This stock has had a killer 2013 but as of recently with the spike in $JO (Coffee) and the minor collapse in SBUX one can begin to look for a pair trade with long $JO, Short $SBUX. We shall see how this develops but as of now, the bias is to the short side and the case could easily be made for a bear flag in SBUX now.
Notes on chart. Interesting insider buying, Mr Ullman, sir!
I like to keep technical analysis simple, sbux made a clean break of its 50 day with next support at the 100 day which is at 76.29. This is one of those stocks that is a hedge fund darling with growth continuing to exceed expectations and the company itself INNOVATING in the COFFEE space. I mean that is just unheard of. Coffee and innovation. Because of this, I am...
Chart speaks for itself. These setups are significant for multi year tops and bottoms. Its that simple, look at any stock or currency. But wait for a bearish monthly close to confirm.
Please see the monthly logarithmic chart as well. This can cloud the potential buy zones as its showing very bearish signals. I will link it here in a moment. Also the "2009" style price would actually be around the $20-25 range. Not $41-$48 but that is still a potentially great zone. It's funny, the market players use "rumors" and "signals" to shake players out...
More at: at-trader.blogspot.com on the top of the site you can translate the analysis, enjoy :)