What a chart pattern we have on the Weekly for SBUX! Breakout of an inverted H&S, then slight retracement and never really looked back since.
Right now it seems poised to surge up after being in kind of a range since the turn of the new year.
Target profit 1 is probably around $120 area.
Not setting any target profit 2 as things does look bright for SBUX.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Thanks!
Right now it seems poised to surge up after being in kind of a range since the turn of the new year.
Target profit 1 is probably around $120 area.
Not setting any target profit 2 as things does look bright for SBUX.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Thanks!
Note
Gap up, and then new all time high!Note
unfortunately, traveled back down the past few days. However, setup still validNote
Might end up as an engulfing pattern on the Daily.However, if it doesn't start to move up above yesterday's high i.e. $108.42 by tomorrow, then chances are high that this setup is invalidated.
Note
still keeping this as today price bounced off the lower trend line of the pennant pattern.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.