Razvan

Starbucks - Bearish Bat

NASDAQ:SBUX   Starbucks Corporation
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1
On the Starbucks chart we can see a pretty nice harmonic pattern - Bearish Bat . From the PRZ we might see a rejection back to 51.27. The 20 periods average volume is descending for the up move that got the price in the potential reversal zone, and this could be a good signal for this theory. A close over the marked zone would invalidate the pattern, and signal a possibility of a trend continuation.

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