SBUX structure chart.

9 Şub 2019

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.

9 Şub 2019

Not

trading view distorted the chart on publish. here the full side version

17 Şub 2019

Not

the "everyone will try to short" level is working as expected thus far.

1 Mar 2019

Not

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.

7 Nis 2019

Not

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.

25 Eyl 2019

Not

if you held this trade from the given entry and sold anytime in the last 3 months you made 80 - 100% gains