friend asked me to have a look at star bucks given a bunch of news and events that are floating around over the next quarter. I probably wont trade this as equities arent my thing but here are some thoughts based on structure.
Commento:
trading view distorted the chart on publish. here the full side version
Commento:
the "everyone will try to short" level is working as expected thus far.
Commento:
made a about 80% of the way to the fix extension and sold on EOY .
you can make the argument that this is a support back test.
i would be watching for a rise towards earning. most likely to be range bound as long as the index doesnt sell off.
you can make the argument that this is a support back test.
i would be watching for a rise towards earning. most likely to be range bound as long as the index doesnt sell off.
Commento:
stabucks earning is this moning. currently trading above the fib extension.
to recap - the original "everyone will short level" got blown up pretty quickly MSM was wrong again.
to recap - the original "everyone will short level" got blown up pretty quickly MSM was wrong again.
Commento:
if you held this trade from the given entry and sold anytime in the last 3 months you made 80 - 100% gains