Wednesday, August 21, 2024

The 3 Reasons Why SBUX Is Trending Up

 Now when i was scanning looking for a good
opportunity to buy or sell stocks,
i came across this stock SBUX

Honestly, i was not expecting it
to be the one to buy
but then I remembered in my
trading studies, that Gaps

Do happen even though they dont
happen often

the Gaps are my number #1 favourite
patterns to trade

infact that how i started
writing articles for trading

Every single week I would look
for a stock that has gapped that
week, then forecast it as

an uptrend, and by doing this
my following grew.

It was a simple strategy
honestly i never even traded those
patterns

it was just so simple and
so i shared the ideas.

And i noticed that most of them
did actually go up in price even though
some failed, but the majority

of them did go up in price

The 3 Reasons Why SBUX Is Trending Up:

  1. -The stock price has gapped up
  2. -You will notice a breaking news of insider selling
  3. -This chart follows the last step of the rocket booster strategy
    called "the gap-up trend" which is the last step.

If you would like to learn more
then rocket boost this content also check
out the resource links below.

Disclaimer: Trading is risky you will lose money
from trading please learn risk management
and profit-taking strategies.

The 3 Reasons Why SBUX Is Trending Up by lubosi on TradingView.com

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

How To Use This 3 Step System When Trading Netflix

  The challenge with trading stocks is that you are not supposed to use high margins.. in this case you should not use more than 3X However,...