Starbucks Trading Analysis (20/01/2025)
The trend is descending. The stock is trading in the range between 365 and 135 EMAs on the H1 timeframe. The downward wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought conditions.
Trading idea:
- Sell when the formation of the descending wave structure begins, when the wave A breaches the sloping channel of the uptrend truncated structure.
- Stop-loss at 95.83.
- Price targets at 91.35 and 87.00.
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