Trade Alert SBUX
This trade alert firing today is a signal day for Starbucks (SBUX) showing the start of a short trade. The weekly trend is already downward moving and has twice shown resistance. On the daily chart, notice the wedge pattern combined with a squeeze setup that could provide the required momentum for a larger move. Additionally, SBUX is down on what turned out to be a rather strong trading day. More details in the video below.