Stock Technical indicators to notice in STARBUCKS (SRB.SG)
1- Last bearish trend was from 54.77 $ (2/11/2014) to 50.93 $ (3/3/2014) a 3.84 $ move 2- The current bullish trend started from 50.93 $ at 3/3/2014 and is currently trading at 52.36 $.
4- SRB.SG current resistance level is at 52.40 which is the 38.20 % fibonacci retracement of the last 3.84 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
STARBUCKS (SRB.SG) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 54.770 .
7- The Stock formed a 4.380 $ height triangle.
STARBUCKS (SRB.SG) Mid term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 54.770 and 60.280, and is currently resisting at 53.230.
STARBUCKS (SRB.SG) Long term stock chart patterns for internet stock trading :
Stock Trading Conclusion:
STARBUCKS (SRB.SG) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 52.40, 52.85, 53.23, 53.30, 54.39, 54.59, 54.77, 55.81, 57.14.
Stock Support levels : 52.02, 51.84, 51.81, 51.65, 51.48, 50.93,.