$SBUX
Friday we closed above a strong ceiling we've been trying to reclaim as a floor. Look for 2 possible retest areas, one of them being 102. A little riskier entry but seeing the strong push Friday that could be a good starter position. A more better retest would be the now reclaimed floor at around 100. We have 2 targets 1 of them being the CB ( cost basis) of the weekly magnet at around 105. 2nd target can be 107.50ish. if we get that look for a strong sell wall. This idea is invalid if we close below the floor we reclaimed 100.
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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.