maschera

SBUX - 11.08% Potential Profit - Bullish Pennant

Long
NASDAQ:SBUX   Starbucks Corporation
Here we go again, trying to manage one of the most challenging markets ever. Definitely the most challenging since my trading career started.

Bullish Pennant following a 4-month correction interrupting a massive bull run.

I am being very selective lately and I only trade when I see very limited risk, with potentially great rewards. This is why I like this setup.

- Target Entry $113.24
- Target Stop Loss $111.99
- Target Exit $126.31

About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.