$SBUX finding support after pre/post earnings selloff?

5 feb 2022

SBUX seems to have found a support in this range after a month long sell off leading to earnings and a nice dip after weak report

Holding multiple days support on 1D with a bullish hammer going in to the week of 2/5/22

RSI 28.87 oversold on 1D
MACD tight is tight - looking for continuation or cross to downside

Confirmed break of $98.8 could easily see a move to $102-105 range

Will be on watch to hold support and have continuation to the upside
Wait for confirmations as downside is always possible with current market



Looks like this one might be fun to trade for a bit!
Enjoy and, as always, manage your risk!