SBUX on a daily chart with two sets of VWAP bands anchored to dates back in one year ago
and two years ago shows SBUX to be at the same price level as the low pivot of 2022.
Price has bounced off the lower most of the VWAP bands and moved up in the past three
trading days with higher than usual volume. I believe that short traders are buying to cover
and take realized profits in their trades. The more price moves up the more likely short
traders will liquidate their positions and contribute to buying volume.
A short squeeze could potentially set up here.
I will take a long trade of shares and call options to profit from the price movement I
anticipate. I will set a stop loss at 71.75 the piot low and a target of 93 under the mean VWAP
black lines. The trade is anticipated to last 2-3 months and so the call options wll be taken with
a four- month expiration.
Nota
Sideways. Holding with patience.
Nota
Sideways for now accumulating before any price move up.
Nota
More sideways. Patience needed.
Nota
SBUX moved up. Stop loss converted to a trailing 2%. Trade is now profitable even
if the stop gets hit. Holding long maintenance. Call option taken for $75.00 for
mid-October.
Nota
Today's chart action shows good momentum after the consolidation and accumulation completed.
Trade ativo
SBUX has moved up 50% of the prior trend down. It is now at the mid-Fib levels. 2% of position closed with 15% profit and 180% on one out of five call options for June 21st. From here it could rise or reversal for a downgoing correction. I am prepared to add to the position if a pullback occurs.
Trade ativo
SBUX steady and slowly moving higher. Patient and holding.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.