Starbucks CorporationSingkat
Starbucks Short - Coronavirus
With reports of the coronavirus in full force within China and the boarders shut down. This might be the perfect time to short Starbucks. Starbucks now has about 12.75% of all store location in China and reports have stated that all locations have been shut down.
No reports have been made about the duration of the shut down, but this will have a significant effect on Starbucks Q1 2020 financials. Star sucks earnings already missed in Q4 2019 without this added on.
Putting my TA hat on. The first potential support zone is about 4% of a draw down and then another 6%. I’m waiting for the triangle set-up to break before shorting.
No reports have been made about the duration of the shut down, but this will have a significant effect on Starbucks Q1 2020 financials. Star sucks earnings already missed in Q4 2019 without this added on.
Putting my TA hat on. The first potential support zone is about 4% of a draw down and then another 6%. I’m waiting for the triangle set-up to break before shorting.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.