SBUX Update(bullish)

I am pretty bullish on SBUX and its for notable reasons. A while back I was watching this stock and saw the first indication of bullishness via the Weis Wave, which indicated less interest on the short side of SBUX. We then started seeing reduced selling momentum which also indicates bullishness. Using VWAP, we can see that we are seeing bullish money pour in while having a VWAP resistance lay at 118.69. I believe we will overcome this resistance due to the bullish signals given by the squeeze indicator and the Willy oscillator. Due to the given signals, I think we will see a decent sized bull run.

Bullish Signals
-Weis Wave
-Squeeze indicator
-Willy Oscillator
-Short term VWAP
-Close above Fibonacci Support

Kommentera:

15minute time frame displays a potential bounce