Shares of Starbucks (SBUX) has been consolidating since climbing to almost 64.00 in Oct. 2015. The daily chart shows the sideways movement of the coffee server. SBUX Daily Chart 9/20(click to enlarge)Signs that consolidation is turning bearish:- Usually, when price consolidates after an uptrend, I would have a bullish bias. - However, there are reasons to believe SBUX might be completing a price top. 1) Price is now under the 200-, 100-, and 50-day simple moving averages (SMAs). In fact price fell below the cluster and has found resistance from the cluster - a bearish slingshot signal.2) The RSI has tagged 30, and held below 60. This shows maintenance of the bearish momentum. The fact that the RSI is able to tag 30 again suggests that the bearish momentum is indeed developing. 52.60 is key support:- 52.63 is the low on the year, and price action is gravitating towards this pivot. - A break below 52.50 should open up the 48.00 handle, with downside risk to almost 42, the level almost tagged in August 2015 and also a key resistance pivot back in Dec. 2016.- If price can hold above 52.60 and able to pop up above 54, we can expect a rebound to 56.00.- We might need to see price push above 58.00 to consider a bullish bias. - Otherwise, as long as price is under the cluster of SMAs, we should look for further pressure on the 52.60 support .