DJT Someone help me. My creativity is lagging today. I need a new nickname for DJT that plays off the fact that it makes as much money a year as 3 SBUX stores. Suggestion box is open!
SBUX CEO starting on Monday could be the sell the news event. Within the next 3 weeks, based on a 30-day IV of about 25%, the market expects Starbucks’ stock to move about $5.50 up or down from $91.39, putting the projected range between $85.89 and $96.89. and the $85 range touches the top of the golden fib range. but need to see if 91 can hold as support with 92 now being resistance.
SBUX checking the 5-minute chart before open, still in the downward channel, but RSI has touched overbought before the open. If the past repeats, we will look at another down day. this brings 91 or possibly 90.20 into play.
SBUX just my thoughts, but the golden zone, and gap match within the fibs, plus noticeable RSI divergence. Added Oct puts, seems like the new CEO excitement could wear off sooner rather than later. time will tell.
SBUX went 90$ already
