One ugly top was not good enough, so SBUX decided to make another one )o: A triple top is not always a head and shoulders, but a head and shoulders is a type of triple top. Does not matter at this point.
Missing earnings does not help a bad top, at all! I have always figured their China exposure was not a positive factor. But China exposure has helped bring this down in to an affordable range.
Short interest in under 1% so I am thinking this will find a trading range, or a bottom soon.
I try to remember a security can seem dirt cheap, but even dirt can get cheaper )o:
No recommendation.
Sometimes your best investments are the ones you do not make.
Missing earnings does not help a bad top, at all! I have always figured their China exposure was not a positive factor. But China exposure has helped bring this down in to an affordable range.
Short interest in under 1% so I am thinking this will find a trading range, or a bottom soon.
I try to remember a security can seem dirt cheap, but even dirt can get cheaper )o:
No recommendation.
Sometimes your best investments are the ones you do not make.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.