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Ross-Santos
Jul 7, 2021 1:42 AM

SBUX - Getting ready for a squeeze Long

Starbucks CorporationNASDAQ

Description

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
rskeete
Should we sell now on the option?
Ross-Santos
@rskeete, Price target was hit yesterday! you should've scaled out then. I hope you did! That was a 100% winner!
rskeete
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 .
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