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.
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trading view distorted the chart on publish. here the full side versionNote
the "everyone will try to short" level is working as expected thus far.Note
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.
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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.
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if you held this trade from the given entry and sold anytime in the last 3 months you made 80 - 100% gains
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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.