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 .
Not
20 % pump in 1 day but still under the upsloping resistance lineNot
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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
💥 Free signals and ideas ➡ t.me/vfinvestment
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.