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Analysis: #NASDAQ $SBUX

Case 197 #Starbucks Corporation

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#SBUX 1/4
Chart 1
Weekly Chart: The loss of #support at 77.30/02 (#trendline and #Fib 0.236) has seen a violent reaction to the downside with price currently sitting on Fib 0.382 at 62.98. Expecting further losses towards .....

SBUX 2/4
..... 55.70, 52.63 -51.80. Strong #resistance begins at 76.20/95 then 80.75 - 81.70.The SMA 50 cut below #SMA 200 adding to the bearishness.

SBUX 3/4
Chart 2
Daily Chart: The #Strategy is printed on the image.

$SBUX 4/4
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