bitdoctor

Starbucks SBUX Pulling back then continue upward

Long
NASDAQ:SBUX   STARBUCKS CORP
Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.

Starbucks looks to be trading at a discount and I believe it's ready for a slight pull back here after the daily open spiking up a bit. I assume a pullback to about $85 is likely over the next day or two then a trend continuation is upon us.

You could open a small short position here if you want to hedge any existing holding you may have.

I'd be targeting anywhere between $88 and $90 for this move.

Trade safely friends.
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