SBUX - Minor Low after earnings
G/G Trend
21/34 Propulsion Dots.
RAF is below extremes - Minor Low Entry
Vscore -2 Support
Volume support in this area.
Inside candle after earnings
Enter above high of inside candle @ 106.20
Breakeven @ 107.80
Profit @ 109.90
17March23 Options. 39 days until expiration, but we will hopefully get a bounce after the earnings drop. I don't want to buy 80 days out.
105 Calls.
21/34 Propulsion Dots.
RAF is below extremes - Minor Low Entry
Vscore -2 Support
Volume support in this area.
Inside candle after earnings
Enter above high of inside candle @ 106.20
Breakeven @ 107.80
Profit @ 109.90
17March23 Options. 39 days until expiration, but we will hopefully get a bounce after the earnings drop. I don't want to buy 80 days out.
105 Calls.
Trade active:
Entered this trade 2/8/23 on the pullback.
Bot 1 contract as "Aggressive" position size.17March23 - $3.80.
Looking for B/E @ 107.80
Bot 1 contract as "Aggressive" position size.17March23 - $3.80.
Looking for B/E @ 107.80
Trade active:
Hit B/E target today. Will not let trade go Negative.
Looking for profit target @ 109.90.
High of 108.93 today.
Looking for profit target @ 109.90.
High of 108.93 today.
Trade closed: stop reached:
SBUX fell back and hit my B/E stop level. Out of the trade due to breakeven.
May need to re-enter based on current prices and minor low. Still like the trade.
May need to re-enter based on current prices and minor low. Still like the trade.
Try to buy on a pullback before it makes it's move to previous highs.