CFD Trading – Buy Starbucks Corp (SBUX.NAS) @ $106.00. Stop @ $102.50 and Target @ $115.75

Starbucks Corporation Stock Code SBUX.NAS

Outlook
A price correction was supported by the lower edge of the cloud and price had broken above the upper edge the cloud on 4 February 2021. Last Friday, price broke above an Ichimoku V-shaped structure, which increases the strength of the bullish trend. The Ichimoku V-shaped breakout has a price projection target at $115.78. There was also a bullish gap up last Friday on the breakout, which also increases the bullishness of the trend. Conversion line and Base lines are about to have a bullish crossover. MACD is about to crossover the zero line moving into the bullish zone. MACD is also about to have a bullish crossover, hinting of a bullish price trend ahead.

Strategy                  
$106.00              BUY
$115.75              Price Target
$102.50              Risk Management Stop
3 weeks              Trade Duration

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