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.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。