Would you buy this stock?
Look at the large down-move coming to an end; terminating wedge leading to a reversal. Then, there’s congestion with a potential upside breakout.
The trading range is huge at approximately 53 – points.
What is this stock so I can load the boat and get in?
The answer is, there's no such equity as the chart (if you noticed) is actually Starbucks (SBUX) turned upside down.
The coffee shop turned market darling peaked out at $99.72, before heading lower. Most likely everyone was waiting to sell at $100, which as typical for the market, never came.
Now, we’ll see what happens next.