Long-Term SBUX long after some stabilization
With last poor earnings, Starbucks
SBUX
generates my favorite long-term signal for potential long-term buying (Bollinger Bands torn & RSI oversold on weekly basis)
If the company gets its problems under control, there could be a reversal soon
After such negative earnings, however, the price still needs to stabilize somewhat
The stabilization of
META
in the second picture took a week (picture 2) and of
NFLX
a few weeks longer (picture 3) until the bottom was found after poor earnings
I will take a closer look at the earnings and the reasons for the strong sell-off of
SBUX
and will probably buy a larger position in the next few trading days
The ideal price would be between $65 (resistance from 2015 and 2017) and $68.39 (low from May 2022)
SBUX
generates my favorite long-term signal for potential long-term buying (Bollinger Bands torn & RSI oversold on weekly basis)
If the company gets its problems under control, there could be a reversal soon
After such negative earnings, however, the price still needs to stabilize somewhat
The stabilization of
META
in the second picture took a week (picture 2) and of
NFLX
a few weeks longer (picture 3) until the bottom was found after poor earnings
I will take a closer look at the earnings and the reasons for the strong sell-off of
SBUX
and will probably buy a larger position in the next few trading days The ideal price would be between $65 (resistance from 2015 and 2017) and $68.39 (low from May 2022)