Buy Starbucks ladies and Gentleman. I have a couple good reasons to invest in Starbucks as I will be myself.
1. Starbucks Weekly and Monthly Bullish Triangle Formation, and Bullish Harmonic Bat Pattern
We can see an (ABCDE) correction, and Starbucks has already popped 7 percent from this universal trendline. The Bat pattern on the weekly chart inside of this triangle indicates a strong momentum shift.
2. Major Support with confluence of Divergence
- On the 4-hour RSI, from December 5th, 2023, to the current exhaustion gap, there is bullish divergence.
3.Exhaustion Gap
-The obvious thing after a gap happens is to fill it. With that being said, the 4-hour chart shows what looks to be an exhaustion gap, which would indicate a potential reversal area. This could also give longing more momentum as sentiment changes.
4.Summer
It technically starts in the USA on June 20th :D
5.Coffeeeee
Coffee looks to be bullish :D
(Things can always change due to Geopolitics!) But I do think we will get a decent long at least.
1. Starbucks Weekly and Monthly Bullish Triangle Formation, and Bullish Harmonic Bat Pattern
We can see an (ABCDE) correction, and Starbucks has already popped 7 percent from this universal trendline. The Bat pattern on the weekly chart inside of this triangle indicates a strong momentum shift.
2. Major Support with confluence of Divergence
- On the 4-hour RSI, from December 5th, 2023, to the current exhaustion gap, there is bullish divergence.
3.Exhaustion Gap
-The obvious thing after a gap happens is to fill it. With that being said, the 4-hour chart shows what looks to be an exhaustion gap, which would indicate a potential reversal area. This could also give longing more momentum as sentiment changes.
It technically starts in the USA on June 20th :D
5.Coffeeeee
Coffee looks to be bullish :D