Chartpatternz

Starbucks trading in an upwards channel

NASDAQ:SBUX   Starbucks Corporation
Trading in an upward channel. Expecting it to bounce back down upon touching the top on the channel. Coincidentally, this ticker is also at its all time high.
Possible short entry right here, but do your own due diligence and stick to a stop loss.
*I personally do not like to short stocks, but I will keep a lookout on this ticker and wait for it to touch the bottom of the channel before entering a long position.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.