SHORT SBUX EARNINGS TOMORROW
FUNDAMENTALS FIRST AND FOREMOST EARNINGS ARE TOMORROW I DO NOT THINK THAT THEY CAN BE POSITIVE WITH THIS PANDEMIC GOING ON.
technical wise the trend line is being tested more often which means it could potentially break soon, notice how each retest to the trend line gets a weaker pump and triangles are getting smaller and smaller, it is signs of a bigger move in the works.
Just looking through a few indicators and the Stoch RSI. It is going to the oversold point and also could be a corrective wave downward.
This is a risky play, so i am going to short a small amount or a short term contract, because i sincerely do not believe earnings will be astounding
Lets see what happens and remember
Wash yur hands!
technical wise the trend line is being tested more often which means it could potentially break soon, notice how each retest to the trend line gets a weaker pump and triangles are getting smaller and smaller, it is signs of a bigger move in the works.
Just looking through a few indicators and the Stoch RSI. It is going to the oversold point and also could be a corrective wave downward.
This is a risky play, so i am going to short a small amount or a short term contract, because i sincerely do not believe earnings will be astounding
Lets see what happens and remember
Wash yur hands!
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