Tag: SBUX

CFD Trading – Halliburton & Starbucks

Nicholas

Haliburton Co Stock Code HAL.NYS

Outlook
Price closed below the cloud overnight after holding inside the cloud for 2 weeks. An attempt to move above the cloud as well as closed a small gap failed before price dropped below the cloud. Inability to close that gap could be a sign of a bearish trend. Price also broke a 3-month uptrend line, negating the bullish trend before the break down. Conversion and Base lines had a bearish crossover earlier, confirming the bearish trend in progress. Lagging Span is also below price of 26 periods ago but is still above the cloud. MACD is bearish with both its lines below the zero line. MACD is continuing to move lower as well. A move below recent low at US$21.20 would accelerate the down trend and starts a move to US18.79 price support

Strategy
$21.80                Short Sell
$18.80                Price Target
$22.90                Risk Management Stop
3 weeks              Trade Duration

Starbucks Corporation Stock Code SBUX.NAS

Outlook
Price tested the cloud and broke below the cloud for 2 days before rebounding back above the cloud. Another decline brought price to test the cloud again but price managed to hold above the cloud on this occasion. Price closed yesterday just above the cloud. Base and Conversion lines have not yet had a bullish crossover at the moment but Lagging Span has moved above the cloud although it is still below price of 26 periods ago. We view this as due to the early stage of the bull cycle where the lagging indicators have yet to turn around. Both MACD lines may be below the zero lines at the moment but MACD lines are turning around, hinting of a possible turnaround in the trend. If price can stay above US85, the next movement could be to test the gap resistance at US90.60. Above this resistance, price is likely to test the previous high at US$94.13.

Strategy
$87.50                Buy
$90.50                Price Target
$84.90                Risk Management Stop
3 weeks              Trade Duration


CFD Trading – EBay & Starbucks

Nicholas

EBAY Inc Stock Code EBAY.NAS

Outlook
Price closed below a recent support on Friday after dropping below the lower edge of the cloud three days ago. Conversion and Base lines also had a bearish crossover three day ago and this could be the start of another possible decline over the coming weeks. The cloud 26 days ahead is bearish and is widening as well. It is another indication of further price decline ahead. MACD had a bearish divergence warning earlier and has been weak, moving lower as price decline. MACD is currently bearish with both its line below the zero line.

Strategy
$38.48                Short Sell
$35.45                Price Target
$40.40                Risk Management Stop
3 weeks              Trade Duration

Starbucks Corporation Stock Code SBUX.NAS

Outlook
Price moved below the cloud on Friday.  Conversion and Base lines had a bearish crossover signal earlier. This could be the start of a price decline to the next base support area around $80. The future cloud has turned bearish and the width of the future cloud is widening as well, hinting of further price decline. MACD is bearish with both its lines below the zero level. The bearish trend could send price lower to the Fibonacci 50% of the advance from the start of 2019 to the high at $99.72 in late July 2019.

Strategy
$89.40                Short Sell
$79.75                Price Target
$92.60                Risk Management Stop
3 weeks              Trade Duration

CFD Trading – Wynn Resort & Starbucks

Nicholas

Wynn Resort Ltd Stock Code WYNN.NAS

Outlook

Price reached a low near $101.60 three days ago and has since moved higher. The rally looks set to continue but there is a big gap around $115 to $118.26 and price may be unable to move above $118.26. There is also a Base line resistance and cloud resistance around the area from $118.26 to $121.90. MACD is also strongly bearish as it histogram is long and far away from the zero line. If price is unable to move above the gap and cloud, it is likely to test the low again.

Strategy

$118.00 Short Sell
$102.00 Price Target
$122.20 Risk Management Stop
3 weeks Trade Duration

Starbucks Corporation Stock Code SBUX.NAS

Outlook

Recent price correction has managed to stay above the base of a price gap. As the gap is not closed, the trend is likely to be up and price has already moved above this base. Price has also managed to stay above the Base line. Currently price is above the Base and Conversion lines as well as the cloud with Lagging Span above the cloud and price of 26 days ago. These are bullish signs. Last night price managed to close above recent highs in the consolidation which could be a sign of a breakout in the process. MACD is bullish and both lines are above the zero line. The faster line is also looking to turn up as well.

Strategy

$96.80 Buy
$104.20 Price Target
$91.70 Risk Management Stop
3 weeks Trade Duration

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