Buy Starbucks :D
Buy Starbucks ladies and Gentleman. I have a couple good reasons to invest in Starbucks as I will be myself.
1. Starbucks Weekly and Monthly Bullish Triangle Formation, and Bullish Harmonic Bat Pattern
We can see an (ABCDE) correction, and Starbucks has already popped 7 percent from this universal trendline. The Bat pattern on the weekly chart inside of this triangle indicates a strong momentum shift.
2. Major Support with confluence of Divergence
- On the 4-hour RSI, from December 5th, 2023, to the current exhaustion gap, there is bullish divergence.
https://www.tradingview.com/x/YnfO1P2T/
3.Exhaustion Gap
-The obvious thing after a gap happens is to fill it. With that being said, the 4-hour chart shows what looks to be an exhaustion gap, which would indicate a potential reversal area. This could also give longing more momentum as sentiment changes.
https://www.tradingview.com/x/47eBxTP1/
4.Summer
It technically starts in the USA on June 20th :D
5.Coffeeeee
Coffee looks to be bullish :D
https://www.tradingview.com/x/0EdgFDny/
(Things can always change due to Geopolitics!) But I do think we will get a decent long at least.
1. Starbucks Weekly and Monthly Bullish Triangle Formation, and Bullish Harmonic Bat Pattern
We can see an (ABCDE) correction, and Starbucks has already popped 7 percent from this universal trendline. The Bat pattern on the weekly chart inside of this triangle indicates a strong momentum shift.
2. Major Support with confluence of Divergence
- On the 4-hour RSI, from December 5th, 2023, to the current exhaustion gap, there is bullish divergence.
https://www.tradingview.com/x/YnfO1P2T/
3.Exhaustion Gap
-The obvious thing after a gap happens is to fill it. With that being said, the 4-hour chart shows what looks to be an exhaustion gap, which would indicate a potential reversal area. This could also give longing more momentum as sentiment changes.
https://www.tradingview.com/x/47eBxTP1/
4.Summer
It technically starts in the USA on June 20th :D
5.Coffeeeee
Coffee looks to be bullish :D
https://www.tradingview.com/x/0EdgFDny/
(Things can always change due to Geopolitics!) But I do think we will get a decent long at least.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.