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.
