Starbucks Bearish Star Cluster

By | December 11, 2014

The trading this month in Starbucks (SBUX) has been erratic. The first week saw a long tail ”hanging man” candle followed by a narrow opening and closing range “doji star”, and, finally, last week and at this point in the current trading week, the formation of large wick “shooting star” candles. These high wave and narrow opening and closing range candles reflect indecision and are often seen at tops.

42. SBUX chart

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