Elliott Wave Technical Analysis: Starbucks Inc.

Starbucks Inc., Elliott Wave Technical Analysis

Starbucks Inc.,  (Nasdaq: SBUX): Daily Chart, 20 February 2023.

SBUX Stock Market Analysis: Looking for a three wave move to be part of wave D of a higher degree triangle in wave IV. It looks like we are at the final stages of wave (C).  

SBUX Elliott Wave Count:  Wave 4 of (C).

SBUX Technical Indicators: 20EMA as support.  

SBUX Trading Strategy: Looking for long into wave 5 as wave 4 should hold.  

Analyst: Alessio Barretta

Starbucks Inc.,  SBUX: 4-hour Chart, 20 February 2023.

Starbucks Inc., Elliott Wave Technical Analysis
SBUX Stock Market Analysis: Looking for a sideways wave 4 to alternate with the sharp wave 2. Looking for further upside in wave 5.  

SBUX Elliott Wave count:  Wave 4 of (C).

SBUX Technical Indicators: 20EMA as support.  

SBUX Trading Strategy: Looking for long into wave 5 as wave 4 should hold.


More By This Author:

US Stock Market Correction Continues: Lower Prices In Play
Elliott Wave Technical Analysis: Theta Token/USD, Monday, Feb. 20
Elliott Wave Technical Analysis: Okta Inc.

Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.