SBUX has fallen through support of 55.20 or so and is continuing its bearish trend. Entry can be placed below the low of today and a stop either above today's high, or more tightly at the 55.20 mark. If it goes bearish, it doesn't have much support until it gets down to the 53.40 zone so it could turn out to be a nice little short.
This analysis and trade set up is part of a trading challenge where I indicate trades only with the EMA50. I am paper trading these set-ups and am not an actual buyer or seller of this equity.
This analysis and trade set up is part of a trading challenge where I indicate trades only with the EMA50. I am paper trading these set-ups and am not an actual buyer or seller of this equity.
