SBUX Possible short
Possible resistance from June 5th of 2017 on a gap up turned red, getting rejected again on wicks in November 8th and 9th of 2018, and currently around where the wick of 2/8/2019 has hit and been pushed back. More recent moves on the angle on the triangle with some rejected lows. RSI close to overbought, MACD looks ripe for a turn to the down side, Stochastic has been all over the place, but looking like a possible down turn as well, just a wait and see how low it will go.
-Stochastic is at about 93-94. Considered overbought. With how close it is to hitting 100 a down turn could lead to a drop below 80.
-RSI is going to need a break soon before it can move further up.
-Unless something changes and there's a huge move, we can expect the MACD to cross over with some lower days ahead.
-Stochastic is at about 93-94. Considered overbought. With how close it is to hitting 100 a down turn could lead to a drop below 80.
-RSI is going to need a break soon before it can move further up.
-Unless something changes and there's a huge move, we can expect the MACD to cross over with some lower days ahead.
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