Possible Bearish Trade on SBUX opening up
SBUX broke through the SMA50 on 2AUG and has traded down to the neckline of its recent bullish gap on 29JUN. If SBUX breaks this support price at 55.34, I will look to diagram a bearish trade on SBUX.
This idea and analysis is part of a 3-month trading challenge in which I am only using the EMA 50 to indicate trades.
This idea and analysis is part of a 3-month trading challenge in which I am only using the EMA 50 to indicate trades.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.