Looking to enter a trade in 
SBUX following a bull flag formation.
Waiting for:
- confirmation of price above trend line at $86,
- increase in volume,
- MACD and STOCK giving stronger signal
If trade is entered, will set stop loss below support around 84.15.
Taking profit around 90.30, 93.5$ and 99$ depending on price movement.
Time frame of the trade 4-8 weeks.
**** This is NOT a financial advice, but only my opinion. Please do your own due diligence before investing. ****
SBUX following a bull flag formation.Waiting for:
- confirmation of price above trend line at $86,
- increase in volume,
- MACD and STOCK giving stronger signal
If trade is entered, will set stop loss below support around 84.15.
Taking profit around 90.30, 93.5$ and 99$ depending on price movement.
Time frame of the trade 4-8 weeks.
**** This is NOT a financial advice, but only my opinion. Please do your own due diligence before investing. ****
Note
Entered the trade and waiting to reap higher on this bull flag!Lets go!
SBUX
Aris Bernasconi, MBA, Certified Specialist for Finance and Accounting
E-Mail: aristocks@gmail.com
E-Mail: aristocks@gmail.com
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.
Aris Bernasconi, MBA, Certified Specialist for Finance and Accounting
E-Mail: aristocks@gmail.com
E-Mail: aristocks@gmail.com
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.