Starbucks (SBUX): Good Buy?

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Cautious: Don’t be misled by the Post Title!!

Starbucks (SBUX) has been on fantastic bull run for the past 3 years. Is it still a good buy now?

A few notes for myself:

  • Current price ($58.05) is also getting near to all time high of $63.23.
  • PE Ratio = 34.88
  • P/B Ratio = 9.95
  • Daily Chart 2/5 EMA crossed down and testing 20D SMA.
  • Weekly Chart Bearish Harami found at the top (near historical high resistance) and 2/5 EMA looks like going to cross down.
  • 10 years chart show a nice Parabolic Curve since the run up in 2009 (Yummy!!!)

 


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Apple (AAPL): Crashing Time?

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Apple AAPL has been running up like a rocket showing a Parabolic Curve pattern for the past few months. Yesterday AAPL daily chart broke 20D MA and weekly chart showed Three Inside Down bearish reversal candlestick pattern. Is it a crashing time for AAPL and time to take profit and run? If chart pattern always repeats itself, take a look at Dryship (DRYS) which had shown a similar Parabolic Curve previously. You make your own decision.

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Yangzijiang: Double Tops!

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A Double Tops chart pattern is observed on Yangzijiang daily chart with neckline at about $1.25. Breaking down from this reversal chart pattern will send Yangzijiang to the price target of about $1.11. Currently the stock is just trading around the neckline support. Both weekly and daily charts are bearish base on 2/5 EMA, 20D SMA. MACD shows the bull has lost the steam as well.  Another potential stock to short.

Yangzijiang Fundamental.

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