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[QUOTE="Antony_NPBFX, post: 215098, member: 38727"] [SIZE=5][B]Starbucks Corp.: technical analysis 21.11.2022 [/B][/SIZE] Good afternoon, dear forum visitors! [URL=http://www.npbfx.com/?utm_campaign=company&utm_medium=forumpost&utm_source=earnforex.com]NPBFX[/URL] offers the latest release of analytics on Starbucks Corp. for a better understanding of the current market situation and more efficient trading. Shares of Starbucks Corp., one of the largest companies in the world, which owns the chain of coffee houses of the same name, are moving within a corrective trend around 98.00. On the daily chart, the price is near the resistance line of the global correctional channel with dynamic boundaries 85.00–100.00, getting ready to break it. On the four-hour chart, the range resistance line coincides with the Fibonacci 61.8% full retracement level at 99.50, consolidation above, which means the correction will enter the trend stage, indicating a new global target at 106.60. The quotes decline looks unlikely, but it will become possible if the trading instrument consolidates below an intermediate correction of 50.0% Fibonacci around 93.80. Technical indicators maintain a stable buy signal: fast EMAs on the Alligator indicator expand the range of fluctuations, moving away from the signal line, and the AO oscillator histogram forms upward bars in the buying zone. [IMG]https://i.ibb.co/THkdqqr/SBUX-211122-22.png[/IMG] [B]Trading tips [/B] Long positions may be opened after the price rises and consolidates above 99.50 with the target at 106.60. Stop loss — 95.00. Implementation period: 7 days or more. Short positions may be opened after a reversal, reduction, and consolidation of the price below 93.80 with the target at 88.40. Stop loss — 96.00. [B]Use more opportunities of the NPBFX analytical portal: E-book[/B] If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more. You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on Starbucks Corp. and trade efficiently with [URL=https://my.npbfx.com/register/?utm_campaign=register&utm_medium=forumpost&utm_source=earnforex.com]NPBFX[/URL]. [/QUOTE]
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