Will SBUX respect the 100-day SMA next week? SBUX Chart: StockCharts.com
Days of indecision for SBUX shares above support offered by the 20-DMA. Thursday’s “bullish hammer” candlestick could signal the restart of the uptrend that led SBUX shares to all time highs on March 19. Last week’s low ($93.66) is the line in the sand for speculative longs. Bullish. SBUX daily (3 months): Chart courtesy of […]
The uptrend is ready to restart as SBUX shares found nice support at the 20-DMA and formed a “bullish hammer” candlestick on the daily chart. Longer-term the trend is clearly up as SBUX shares hit all time highs last week. Thursday’s low ($93.66) is the line in the sand for speculative longs. SBUX daily (3 […]
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Wednesday’s red candlestick engulfed the previous day’s one. The daily trend is neutral now. We need to see if today’s price action will have any continuation tomorrow. Longer-term the trend is clearly up as SBUX shares hit an all time highs last week. Last week’s low of $93.35 is the line in the sand for […]