SBUX daily - bounce coming or cliff drop?
Last week has been rough for SBUX having dropped $7 (12%) in a matter of 6 days. Now approaching the round level of $50 and losing its bear steam, we may see a short term bounce.
I've drawn a wedge down (bullish pattern) and would like to see a green day breaking this pattern before entering a short term long position with a stop below the $50 mark.
Now, I'm also fully prepared to go short have this break through that $50 mark as that would be very bearish and we may see the low $40's soon after.
Its a matter of waiting to see what happens.
Share your thoughts down below and happy trading :)
I've drawn a wedge down (bullish pattern) and would like to see a green day breaking this pattern before entering a short term long position with a stop below the $50 mark.
Now, I'm also fully prepared to go short have this break through that $50 mark as that would be very bearish and we may see the low $40's soon after.
Its a matter of waiting to see what happens.
Share your thoughts down below and happy trading :)
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.