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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

I Solve Problems with This Coffee Trade

chessNwine Thu Apr 3, 2014 2:54pm EST 5 Comments

pulp06-wolf

I am short Starbucks here, entered inside 12631 just now, playing for further downside from the corrective daily chart, below.

My cover-stop is a move over $75.50.

On longer-term timeframes, I believe there is room to drop down to $65.

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SBUX

 

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5 comments

  1. Sooz
    Sooz
    April 3, 2014 at 3:31 pm

    Harvey after his Venti in the morning..
    well now sh!t..hahah

    (Howard Schultz was in a good friends Frat many moons ago..you should here the ‘Big Swinging D!ck’ stories..;)
    ~Truth

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  2. formergeek
    formergeek
    April 3, 2014 at 3:54 pm

    SBUX and MCD always tempting you!

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  3. pm
    pm
    April 3, 2014 at 4:02 pm

    would a long JO trade be consider instead of shorting SBUX?

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