Saturday, August 07, 2010 6:26:09 AM
Re: SBUX - Solid support confirmed; significant resistance overhead ...
14-RSI in $SBUX 's WEEKLY chart just finished registering a double-bottom. Combined with positive signals in CCI, Wm%R and CMF, and sustained buying pressure in A/D, OBV and ChiOsc lines, all pointing towards $24.00 as solid support.
Note though that a serious overhead resistance at $28.35 may represent the next significant hurdle, IMHO:
- Dalcindo
14-RSI in $SBUX 's WEEKLY chart just finished registering a double-bottom. Combined with positive signals in CCI, Wm%R and CMF, and sustained buying pressure in A/D, OBV and ChiOsc lines, all pointing towards $24.00 as solid support.
Note though that a serious overhead resistance at $28.35 may represent the next significant hurdle, IMHO:
- Dalcindo
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