Trade Idea #32 - $SBUX - Offering great Risk/Ratio
Updated
Shout out to timwest for pointing this stock out, and his excellent analysis.
This chart is offering good technical entries for smaller timeframes. This trade is currently pending.
Reasons
Warning: a stop-run could easily occur so keep it tight!
This chart is offering good technical entries for smaller timeframes. This trade is currently pending.
Reasons
- Strong overhead resistance
- Testing dynamic trend line support
- Declining RSI
- Declining bull volume
- Channel Trend
- Great R/R
Warning: a stop-run could easily occur so keep it tight!
Trade closed: stop reached
Grrrr! There's that stop pop. If market continues bullish we could breakout.
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