Please see the monthly logarithmic chart as well. This can cloud the potential buy zones as its showing very bearish signals.
I will link it here in a moment.
Also the "2009" style price would actually be around the $20-25 range. Not $41-$48 but that is still a potentially great zone.
It's funny, the market players use "rumors" and "signals" to shake players out of markets who only trade on such things.
The technical sell was obvious in SBUX. To say that this collapse was from an earnings rumor is just exactly what the big fish want the little fish to believe.
1) Stay small
Buy more as it falls/add to losers
or
2) Go big, snipe the Zones using Momentum Analysis + Price Action (skilled, non-lazy trading)
Use tight stop loss/high risk reward potential
I will probably play it both ways.
RR potential on SBUX could easily be 1 to 25 or even 1 to 100.
-Silver Bullet Capital Management
12/10/2013
I will link it here in a moment.
Also the "2009" style price would actually be around the $20-25 range. Not $41-$48 but that is still a potentially great zone.
It's funny, the market players use "rumors" and "signals" to shake players out of markets who only trade on such things.
The technical sell was obvious in SBUX. To say that this collapse was from an earnings rumor is just exactly what the big fish want the little fish to believe.
1) Stay small
Buy more as it falls/add to losers
or
2) Go big, snipe the Zones using Momentum Analysis + Price Action (skilled, non-lazy trading)
Use tight stop loss/high risk reward potential
I will probably play it both ways.
RR potential on SBUX could easily be 1 to 25 or even 1 to 100.
-Silver Bullet Capital Management
12/10/2013