Trade Idea #32 - $SBUX - Offering great Risk/Ratio

Shout out to @timwest for pointing this stock out, and his excellent analysis.

This chart is offering good technical entries for smaller timeframes. This trade is currently pending.

Reasons

• Strong overhead resistance
  
• Testing dynamic trend line support
  
• Declining RSI
  
• Declining bull volume
  
• Channel Trend
  
• Great R/R
  

Warning: a stop-run could easily occur so keep it tight!

Trade geschlossen: Stop wurde erreicht:

Grrrr! There's that stop pop. If market continues bullish we could breakout.