Sbux Long
According to Bloomberg, The Fed Is Entrenched in the Repo Market.
"Since the rate on overnight repo spiked to 10% on Sept. 17 from around 2%, the central bank has been conducting overnight and term repo operations to help rebuild banking reserves, adding $237 billion of liquidity. It’s also prepared to inject up to $490 billion around Dec. 31."
Since, the market is held up by the fed, I looked around for some safe stocks to go long on and Sbux seems like a good safe bet.
if we get a pullback to $88 today, i would get an entry and see if we could potentially reclaim ATH at $99.72 in the next two weeks.
especially since majority of the white girl index is hitting All Time Highs, Why can't Starbucks?
Stoploss around $86
Take profit $91
max target 99
"Since the rate on overnight repo spiked to 10% on Sept. 17 from around 2%, the central bank has been conducting overnight and term repo operations to help rebuild banking reserves, adding $237 billion of liquidity. It’s also prepared to inject up to $490 billion around Dec. 31."
Since, the market is held up by the fed, I looked around for some safe stocks to go long on and Sbux seems like a good safe bet.
if we get a pullback to $88 today, i would get an entry and see if we could potentially reclaim ATH at $99.72 in the next two weeks.
especially since majority of the white girl index is hitting All Time Highs, Why can't Starbucks?
Stoploss around $86
Take profit $91
max target 99
Uwaga
Avg down at 88 and 87. closed for profit when it touched $89
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If you appreciate my technical analysis and want to check out our
Free Newsletter --> diywallst.com/
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.