Daily chart analysis
SBUX. After a sharp move down, Price is currently overextended from it moving averages.
Stochastic is in oversold status
Inverted hammer yesterday at support area and today it looks like we will be finishing as a doji. This is my entry signal. Will look at smaller time frame for entry
Looking to take swing trade to 116
15 min Chart analysis
Price is in descending wedge and has found support at 103.75.
While price has been going down in wedge, MACD has been moving upwards. There is a bullish divergence between price and MACD.
Will enter trade long.
Entry: 104.30
Stop loss: 103
Target: 116
SBUX. After a sharp move down, Price is currently overextended from it moving averages.
Stochastic is in oversold status
Inverted hammer yesterday at support area and today it looks like we will be finishing as a doji. This is my entry signal. Will look at smaller time frame for entry
Looking to take swing trade to 116
15 min Chart analysis
Price is in descending wedge and has found support at 103.75.
While price has been going down in wedge, MACD has been moving upwards. There is a bullish divergence between price and MACD.
Will enter trade long.
Entry: 104.30
Stop loss: 103
Target: 116
Trade closed: stop reached:
Stopped: 103
SBUX sucks
SBUX sucks