Alekznder
Short

Trade Idea #32 - $SBUX - Offering great Risk/Ratio

NASDAQ:SBUX   STARBUCKS CORP
108 2 3
Shout out to @timwest for pointing this stock out, and his excellent analysis.

This chart is offering good technical entries for smaller timeframes. This trade is currently pending.

Reasons
  • Strong overhead resistance
  • Testing dynamic trend line support
  • Declining RSI
  • Declining bull volume
  • Channel Trend
  • Great R/R
Warning: a stop-run could easily occur so keep it tight!
Trade closed: stop reached: Grrrr! There's that stop pop. If market continues bullish we could breakout.
Stopped out 2% with fee's. Grrr.
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Activated earlier today.
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