SBUX: Shift of Sentiment Pattern Leads Gap Up to Platform
SBUX has now confirmed the gap gains by holding well above the trading range highs. This provides very strong support for the stock to continue moving upward. This daily chart of the stock shows a Shift of Sentiment™ Pattern with the Accumulation/Distribution indicator. The shifting pattern begins with the common gap down by HFTs in June and then the VWAP automated selling by the smaller funds to the final low. Then, the stock moves in a typical Dark Pool Pattern out of the low. Pro traders and HFTs gap the stock up in November on earnings news. Another platform is developing now above that gap which establishes more support at this level.
Martha Stokes, CMT
ttrader.im/tv-candlesticks
Learn how to use the technical patterns of each market participant for better trade planning.
ttrader.im/tv-candlesticks
Learn how to use the technical patterns of each market participant for better trade planning.
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