
Scenario | |
---|---|
Time frame | Weekly |
Recommendation | BUY STOP |
Entry point | 103.80 |
Take Profit | 110.50 |
Stop Loss | 101.00 |
The most important levels | 77.00, 90.90, 97.00, 100.00, 101.00, 102.00, 103.00, 107.00, 110.50 |
Alternative scenario | |
---|---|
Recommendation | SELL-STOP |
Entry point | 100.00 |
Take Profit | 91.00 |
Stop Loss | 102.00 |
The most important levels | 77.00, 90.90, 97.00, 100.00, 101.00, 102.00, 103.00, 107.00, 110.50 |
Shares of Starbucks Corp., one of the largest coffee shop chains of the same name, are trading at 102.00.
On the daily chart, the price is correcting, and after forming a price gap of 90.90-77.00, the formation of a long-term sideways range continues.
On the 4-hour chart, quotes are moving in the 107.00-97.00 channel: despite maintaining the upside potential, the asset has not yet broken through the key marker for further growth — the previous maximum at 103.00.
Technical indicators strengthen the buy signal: fast EMA on the Alligator indicator remains above the signal line, extending the fluctuating range, and the AO histogram forms corrective bars in the positive zone.
Trading scenarios
Long positions can be opened after the price rises and stops above 103.80 with a target of 110.50. Stop-loss — 101.00. Execution time: 7 days and more.
Short positions can be opened after the price falls and stops below the level of 100.00 with a target of 91.00. Stop-loss — 102.00.
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