SBUX for swing trading and long term

This why I call SBUX a buy. I did not add any indicator not to contaminate the chart. For those who are not familiar with SBUX stock, I should say that SBUX dropped after earnings after they decided to close Teavana stores and since then the stock has consolidated and edging up. As you see I am long 3000 shares.
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SBUX has consolidated recently and is definitely trending higher. I call it is a strong buy. I have been following SBUX tick by tick for a long time.
 
SBUX will go Ex dividend on NOV 15. The pay is $0.30. So if you own the shares by the end of NOV 14th, you will get $0.30 per shares you own.
 
Here is the way I look at the chart. You see that each time the low was higher than the previous low. B is higher than A. C is higher than B and ..... E is higher than D.
The first target is 1 which is about $58.7. The second target is about $59.5 and the third is $60.7.

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I'm friends with my coffe servers, in both locations I frequent I asked how's business, both girls said it has been slowing down steadily for months, not sure I would put a penny in star bucks stock. Good luck
 
Haze said:
I'm friends with my coffe servers, in both locations I frequent I asked how's business, both girls said it has been slowing down steadily for months, not sure I would put a penny in star bucks stock. Good luck
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Starbucks?Which location? In my location (California) I always need to wait to get my coffee and they are very busy. YOY business in USA was up 2%. When I used to talk about SBUX business, I was asked to look at the chart and now that I prove that something is brewing in chart, you are asking me to check the business :)

By the way, SBUX is a long term investment or at most for swing trading. If you are looking for excitement, it will disappoint you.
 
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