SBUX Simple Short Setup

2023年3月24日

SBUX like many other stocks out there has multiple Head & Shoulders pattern.
One H&S is mammoth the other smaller. It so happens that price is simultaneously
breaking a recent up channel.

A break here could possibly result in a significant price drop.

It is better to be out of a trade wishing you were in rather than in a trade wishing you were out.


Caution is in order.

2023年4月15日

註釋

Still no break of strucutre. Nothing to do but observe

2023年9月4日

註釋

Still waiting for the break. But this chart has created an extreme amount of H&S all over the place. Typically this is very bearish.

2023年9月21日

註釋

Sometimes stocks want to go down but the markets aren't when that happens you get a chart such as this one.

2023年9月27日

註釋

As expected.