Dec. 11 at 10:37 PM
Actionable Trade Alert for
$SBUX:
Market Context:
$SBUX is currently trading at
$84.7, showing resilience above its 30-day moving average (MA30) of
$84.27 and 50-day moving average (MA50) of
$84.02. The RSI at 55.1 indicates a neutral to slightly bullish momentum, suggesting potential for upward movement.
Directional Bias: The price is positioned between the 60-day high of
$89.06 and low of
$77.99, indicating a bullish sentiment as it approaches the upper range. The ATR of 2.21 reflects moderate volatility, allowing for reasonable target setting.
Trade Plan:
- Suggested Entry:
$84.70
- Stop Loss:
$82.50 (approximately 2.6% below entry)
- Take Profit Targets:
1.
$87.00 (Target 1 - 2.7% ROI)
2.
$88.50 (Target 2 - 4.3% ROI)
3.
$99.50 (Target 3 - 17.5% ROI)
This plan offers a solid risk-reward ratio with potential for substantial returns.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
