here’s a couple of ideal stop levels for the existing SBUX short trade, another one that was well en route to T1 before the volume-less rally grabbed hold of it. a conservative stop just above this “stop 1” level would assure a modest gain on the trade (from the first posted entry) while personally i’m going to use a move the stop 2 level, still preferring wider stops right now, which will assure about a break-even on the trade (from entry #1). that 2nd stop level should also roughly coincide with a re-test of that primary uptrend channel as well as horizontal resistance.
