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SBUX

Long SBUX For A Quick GainOutside 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 have found it's footing, and accumulation is on the rise. MACD Histogram is clearly indicating a bullish run, and the fast line is making a bullish cross.
NASDAQ:SBUXLong
by stephen.punwasi
Starbucks Mirroring 2013 Upmove, Second Wave Aiming for $97Price 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 retracement move, for a continuation of the general uptrend We note a similar double bottom (06 Aug 2012 - 22 Oct 2012) within a trend channel, which leads to price reaching around $81.00 (06 Nov 2013). We project that the price action now will attempt to proportionately replicate this upward movement once more, leading to a breakout. For price to breakout, it must successfully trade and sustain above the resistance band between $81.60 to $80.00 Theoretical Price Projection: $97.36 ( Proportional Projection of Retracement/ Up move) Time Span: Price should complete the up move by 30 Jan 2015 Price will also most likely respect and trade within the Uptrend Channel line, until a reversal pattern forms. Risk: There is a risk of bull trap, whereby price breaks slightly above the Resistance Band, trade back below 80.00 to form a Double Top Reversal pattern to reverse the uptrend. Like It, Share It, Follow It~
NASDAQ:SBUXLong
by BreakOutArtist
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