AI
Monday, January 04, 2010 4:09:48 PM
Re: SBUX - 60-Minute & Monthly Charts:
Look for support at levels indicated in 60-minute chart as far as short-term outlook; If support holds, consider persistence of the current trading range.
In the mid/long-term outlook, look at monthly chart below for significant technical resistance ahead - In this particular timeframe, I am expecting further deterioration based on technicals seeking unwinding from recent taut oversold activities, as well as global market retreat going into 2010, IMHO:
SBUX - 60-minute chart:
SBUX - 5-Year, Monthly Chart:
- Dalcindo
Look for support at levels indicated in 60-minute chart as far as short-term outlook; If support holds, consider persistence of the current trading range.
In the mid/long-term outlook, look at monthly chart below for significant technical resistance ahead - In this particular timeframe, I am expecting further deterioration based on technicals seeking unwinding from recent taut oversold activities, as well as global market retreat going into 2010, IMHO:
SBUX - 60-minute chart:
SBUX - 5-Year, Monthly Chart:
- Dalcindo
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