StarBucks Head and Shoulders Target $45 Per Share
I am expecting July to be somewhat of a doji month followed by a severe sell off. When Starbucks gets to $45-50 I will be buying as I like this company for the long term.
I will link my SP500 charts to back up this sell off.
You can clearly see the head and shoulders pattern and how the weekly 21ema is now pointing straight down. I have drawn out the upchannel trendlines perfectly as Starbucks has been in a clear up trend for decades as it follows the ES.
I will link my SP500 charts to back up this sell off.
You can clearly see the head and shoulders pattern and how the weekly 21ema is now pointing straight down. I have drawn out the upchannel trendlines perfectly as Starbucks has been in a clear up trend for decades as it follows the ES.
Commentaire:
Here on the monthly chart is more defined in what I am trying to get across
Commentaire:
Further evidence of a 50% sell off to the $50 mark
Commentaire:
Using the 3month candles, everything is pointing to lower prices
