Barker
Short

Trying to keep it simple.

NASDAQ:SBUX   STARBUCKS CORP
126 5 0
http://www.stocksetups.com
Hey Barker - right now it really looks good short opp in here...its not crossing 75.5. I am sure next week is a profit booking for at least 2 days and if it continues, it can go till weekend. Base on Monday, can decide to buy PUTS Or shorting it. Agree with this
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LetsBeMillionaire LetsBeMillionaire
This is going to 80 now for sure and will meet the prev peak level. Tim and you were suggesting to short since long time.
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Barker LetsBeMillionaire
Absolutely. As soon as SBUX broke through that overhead resistance the short was off. At least from my perspective.
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Barker LetsBeMillionaire
To be fair, you should read my initial comments on Tims chart from 3 weeks ago.



The only reason I made a Short chart was to show if I were to go short, where I'd take the trade. SBUX has clearly broken out of the pattern.
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it wasnt crossing 75.5 yest so i wanted to wait till Friday to see where it is ending and then i was suppose to buy PUTS but got saved with today's analyst action. Market is really strong.
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