
Ascending triangle of SBUX give exit signal today as stock break down the support of ascending triangle. Next support is $20.03. One can exit today, for more confirmation can exit near market close to confirm that the candle close below support. For me I will stretch my stop loss to $19.90 to avoid false break support, but the risk is I will loose more. Please calculate your potential loss and protect your capital. My personal view this SBUX is a good ascending triangle but now it is starting to fail that chart pattern play. My current floating loss for SBUX position is 40%
Best regards
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