Ross-Santos

SBUX - Getting ready for a squeeze

Long
NASDAQ:SBUX   Starbucks Corporation
SBUX finally broke through that major resistance @ 114.70 w/ volume . We have also entered time cycle one on the TTM Squeeze. We're in the 7/16 115C and up 45% @ close. SBUX still has a lot of momentum to test 117 area and possibly take out the high. I can see this happening within the next week or possibly early if the market keeps trending higher.
Trade closed: target reached: I forgot to update this but price target was reached a couple days ago with over 100% profit! Congrats on whoever took it!

Comments

Should we sell now on the option?
Reply
@rskeete, Price target was hit yesterday! you should've scaled out then. I hope you did! That was a 100% winner!
+1 Reply
I’m still in on my option $50 i didn’t close it yet I’m thinking like you said it will build another momentum because i haven’t even had a sell signal alert yet .
Reply