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.
Note
Here on the monthly chart is more defined in what I am trying to get acrossNote
Further evidence of a 50% sell off to the $50 markNote
Using the 3month candles, everything is pointing to lower prices
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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.