Sbux Enter long at the retracement

13 de abr. de 2020

I have been pretty good on entering and exiting trades on this. Not to say i'm never wrong, however good risk management is stressed. I will enter long if we retrace back to $69, this looks like it is still following the trend line. Those purple boxes are where i have been putting longs. Been taking quick profits and never getting too greedy. So this week i think we go to the trend line and bounce off to continue up to the next fib level. I am keeping in mind that as soon as this price action goes back up to $80, simple fib levels wont do anymore.... but until then that is it i suppose.

Any questions or comments, i would love to see new ideas of this stock or even the whole stock market right now
Down below are the progression of my ideas, so you can see how i have been fine tuning the charts to see a better picture.


Share your thoughts!!