SBUX longThere's a strong resistance on 107 which by stabilization above, we can have a safe long position till 110-115$
SRB trade ideas
Starbucks passed its all times high, what next?Potential gain:15-20%
Reward/Risk:3-4
Timeframe: 1-2 months
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
You’re likes and comments encourage me to continue this.
Stay tuned great live stream and quality content videos coming soon..!
Moshkelgosha
$SBUXBENEFITED FROM THE ROTATION OF MONEY BACK INTO THE TRAVEL AND OPENING THESIS.
STOCK IS PUSHING ALL TIME HIGHS AND IS HEADED INTO THE BLUE.
EARNINGS IS STILL A FEW WEEKS AWAY AND PRICE ACTION MAY PULL BACK A LITTLE AND CONSOLIDATE PRIOR TO EARNINGS. LOOKING FOR A PULLBACK PRIOR TO EARNINGS.
THIS IS NOT FINANCIAL ADVICE AND IS POSTED FOR MY RECORD.
SubxSince 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee .
Based on 24 analysts offering 12 month price targets for Starbucks in the last 3 months. The average price target is $113.11 with a high forecast of $125.00 and a low forecast of $100.00. The average price target represents a 4.70% increase from the last price of $108.03.
NASDAQ: SBUX 23 FEB 2021, ALL TIME HIGH, DONT PUSH YOUR LUCKin this all time high condition, i dont want to push my luck.
short when it's down to 99.70
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
Selling SBUXI have entered a sell on Starbucks -Remember this is not financial advice, if you’re not sure if an investment is right for you, you should always seek professional advice. All investments can rise and fall in value so you could get back less than you invest. Past performance isn’t a guide to the future.
