Vinny10

Wedge Breakout

NASDAQ:SBUX   STARBUCKS CORP
If we continue lower, $78 could be a short term target before strong buyers come in
Comment: Rising/Falling Wedges are NOT a strong reversal signal so this pattern could be easily invalidated. But for buyers, if price does get to $78, it is a strong buy level esp since the 200MA is there as well
Order cancelled: Disregard idea as this could be a larger wedge. I need to see at least one more low to get the size of this ... but I am looking for a retracement either way. The size of the wedge would change my short-term target

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