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Starbuck Manitoba Canada | We may be seeing the right shoulder formation completing a head and shoulders formation on the daily Jan. beans. The peak at $10.86 1/4, and the neckline around the $10.00 area, projecting a drop back down to the previous low of $9.12. Depending on where you draw the neckline, we may also test the $9.04 low giving a double bottom. I was going to write this a few hours ago and say that if we got to $10.50 that it would be a good idea to let some go. I now see that we have exceeded that and hit $10.53. A move over $10.59 would negate this pattern. I never looked but would assume that the March, May, and July would show a similar pattern. | |
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Possible head and shoulders on the Jan beans daily.
