Amazingpowerpatternguy

SBUX- New Highs On Negative RS Divergence? Thanks Anyway

NASDAQ:SBUX   STARBUCKS CORP
89 2 1
3-31 New Highs On Negative RS             Divergence? Thanks Anyway, I'll Pass
Talk to me at a support level. A downside break of the green trend channel
support with conviction spells trouble in the short term.

Speaking of Negative RS             Divergence,
Notice what happened to the most recent
highs that took place on Neg. RS             divergence?
Its didn't last long before the stock rolled over from those highs.
So, look at my chart of CNC             and you now know why I say
New highs on Negative RS             divergence isn't a good thing. You want new highs with STRENGTH
not feeble pushes

For informational and educational purposes only
Trade at your own risk, these are not recommendations.
vaicru PRO
2 years ago
yo Bro !!!
Reply
4-2 One could also say we are now in the process of a mini 5 waves down all within a bull channel off the RS Negative divergence peak here too. Market gets out of its funk? This could too but we'll see.
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