Starbucks Trading Analysis (16/07/2025)
The trend is ascending. The stock is trading within the 365-135 EMA range on the H1 timeframe. The downward wave structure is truncated. There is bullish divergence on the Awesome Oscillator and oversold conditions on the Stochastic Oscillator.
Trade idea:
- Buy when the ascending wave structure begins forming and wave A breaches the sloping channel of the truncated downtrend structure.
- Stop-loss at 92.10.
- Price targets are 95.40 and 97.40.
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