brianmontgomery
Short

Possible Bearish Trade on SBUX opening up

NASDAQ:SBUX   STARBUCKS CORP
14 0 2
SBUX             broke through the SMA50 on 2AUG and has traded down to the neckline of its recent bullish gap on 29JUN. If SBUX             breaks this support price at 55.34, I will look to diagram a bearish trade on SBUX             .

This idea and analysis is part of a 3-month trading challenge in which I am only using the EMA 50 to indicate trades.
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