In this detailed chart i have several indicators pointing to a near term bottom for Starbucks. The TD Sequential and WIlliams VIX FIX point to a bottom. The ichi-cloud also shows more room for upside in this equity. Notice the indicators have been extremely reliable in the recent history.
I see a potential and I am going to go long small position.
SBUX TRADING SETUP:
Direction: LONG
Entry: 83.45
SL: 80.76 ($2.69)
TP: 89.07
Risk: 1%
Risk reward ratio: 1:2
Disclaimer: This is not financial advice
Trade safe,
Atilla