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Charlestrad3r

Coffe down the drain

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Starbucks Corporation (NASDAQ:SBUX)  
Charlestrad3r  
NASDAQ:SBUX   Starbucks Corporation
Trend Analysis Chart Patterns Technical Indicators shortsetup Divergence
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trendanalysis chartpattern indicator shortsetup divergence
Broke out of muliti year resistance in Jan19 and went on a parabolic uptrend, it has broken out of its pattern and retested the trendline and now almost perfectly retraced back to the 0.618 Fib.We see on a daily a Bearish Engulfing and Money Flow divergence.

Most significat Support is former multi year resistance which is also where the Weekly 200 MA is located at 64$


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