Trade Idea #32 - $SBUX - Offering great Risk/Ratio

Diupdate
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
  • 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!
Trading ditutup: stop tercapai
Grrrr! There's that stop pop. If market continues bullish we could breakout.
SBUXstarbucksUSD

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