Hi traders,
Taking a closer look at the Starbucks Corporation (SBUX) we can observe that the price has been in a downtrend since middle of July 2021 approaching a key support level which has been tested many times before in the past . A solid bounce from the support line can be expected therefore it may be a good time to enter a long position at the support - green line. The first target is at the horizontal resistance line with a final target at the downward trendline .
Taking a closer look at the Starbucks Corporation (SBUX) we can observe that the price has been in a downtrend since middle of July 2021 approaching a key support level which has been tested many times before in the past . A solid bounce from the support line can be expected therefore it may be a good time to enter a long position at the support - green line. The first target is at the horizontal resistance line with a final target at the downward trendline .
Nota
20 % pump in 1 day but still under the upsloping resistance lineNota
Divergences on the lower time frame. Expecting a drop. Feel free to check the 1h time frame analysis.
💥 Free signals and ideas ➡ t.me/vfinvestment
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💥 Free signals and ideas ➡ t.me/vfinvestment
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.