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Vinny10
Oct 30, 2020 4:30 AM

Wedge Breakout 

Starbucks CorporationNASDAQ

Description

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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