Starbucks - Room For Growth
Starbucks has recently announce its earnings and management are optimistic that Q3 / Q4 Earnings will improve further
as economies around the World start to open up. Also the lines has been trending on the a strong resistance point multiple times.
29 Jul Fed will be announcing with regards to the 1 Trillion funding which is dovish in sentiments (once you jump start your car, you can stop it half way if not its futile!)
Also, most economies would not be able to afford a 2nd lockdown. Management also have changes concepts of accommodating to selling
their products and change of work hour timings to accommodate growth. Long Position for the the following.
Long Target Price 30 Oct - $114 - 18+% upside
Low Target Price 30 Oct - $67 - 9% downside
What Do You Think? Feel free to comment and debate!
as economies around the World start to open up. Also the lines has been trending on the a strong resistance point multiple times.
29 Jul Fed will be announcing with regards to the 1 Trillion funding which is dovish in sentiments (once you jump start your car, you can stop it half way if not its futile!)
Also, most economies would not be able to afford a 2nd lockdown. Management also have changes concepts of accommodating to selling
their products and change of work hour timings to accommodate growth. Long Position for the the following.
Long Target Price 30 Oct - $114 - 18+% upside
Low Target Price 30 Oct - $67 - 9% downside
What Do You Think? Feel free to comment and debate!
Note
Also in trading below the 50 day moving average and closing trade is currently at $79 based on last trade on 28 Jul 2020Note
pardon typo!its $92 for long target
and $71 for low target
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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.
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.