Starbux - Bottom rebound with strong intraday
SBUX is looking at a mean-reversion to the upside and the stock is looking at a strong upside after stock showing a divergence with potential double bottom formation. 83.15 and 88.13 are our near-term target. Note
Huge gap up above, predicted way before the news. The power of Wyckoff methodlogyNote
Selling pressure in, advised to cut or trimTrade active
I trimed at 97.00 previously but since it has broken above 98.00 and reached 100.00. I will continue to hold on to my remaining shares!Note
Added more shares at 97.00. SBUX is likely to trendhigher
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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.