Thursday, December 20, 2012

$SBUX: Multiple Time Frame Analysis

我的思考(Trading Analysis): 
A price/volume spike in $SBUX in daily chart and then forming a bull flag, it got me interested. A close look at 30 min chart identify 3 price level to watch. $54 as first support where I will try to get a feeler. $52.8~$53 as second support which is my stop. If price acts right, then it is an add through $55 breakout. Big cap like $SBUX usually required significant volume to make a big move. It's also more suited for swing trade.  

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