Starbucks Corporation
Pembelian
Diupdate

SBUX 11/13/2022

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


Trading ditutup: stop tercapai
Stopped: 103

SBUX sucks

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