SBUX set to take off!

2021年3月15日

What a chart pattern we have on the Weekly for SBUX! Breakout of an inverted H&S, then slight retracement and never really looked back since.

Right now it seems poised to surge up after being in kind of a range since the turn of the new year.

Target profit 1 is probably around $120 area.

Not setting any target profit 2 as things does look bright for SBUX.

Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.

If you have any symbols that you'd like me to analyze, feel free to drop me a comment.

Thanks!

2021年3月16日

註釋

Gap up, and then new all time high!

2021年3月19日

註釋

unfortunately, traveled back down the past few days. However, setup still valid

2021年3月23日

註釋

Might end up as an engulfing pattern on the Daily.
However, if it doesn't start to move up above yesterday's high i.e. $108.42 by tomorrow, then chances are high that this setup is invalidated.

2021年3月25日

註釋

still keeping this as today price bounced off the lower trend line of the pennant pattern.