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SBUX

SBUX bullish Cyper pattern with an inside day breakout.SBUX has an weekly cypher pattern and the entry point is right here, yesterday it was an inside day breakout but it didn't give great follow through. With regard to weekly level harmonic pattern, a small inside breakout may not be good enough to take as a confirmation entry. So my game plan will be: 1. pay attention to the intraday price movement to find an uptrend in smaller time frame and try to long. 2. create a long position with an out at 49.95, and a mid-term trade. 3. wait reversal sign like hammer and double bottom here as confirmation entry. Let's see how it goes and I'll update the trade here.
NASDAQ:SBUXLong
by Trader_Joe_Lee
2
SBUX time to slap the sleeping bear and run!SBUX has been dropping recently. But the stock seemed way oversold and people are tired of selling. I predict that the stock will rise couple(3% - 4%) percent BEFORE earnings. I am not sure about what happen right during/after earnings release. As you can see the MACD blue line starts to bend upward, in my opinion the price will rise a bit(but not home run) when MACD blue line crosses above orange line. This is confirmed by stochastic oscillator that it was in oversold region for a while. (Look at how beautiful those two stochastic upward lines are!) Moreover this price area is the peak of many smaller domes in the past months so this should be a strong support. What I am afraid of is On Balance Volume(OBV). OBV has a strong downtrend there is a risk that this stock continues to fall. I will put a stop loss somewhere but if you were to buy now please sell before earnings. In my opinion betting on earnings is like gambling, UNLESS you did a lot of coffee research.
NASDAQ:SBUXLong
by zhengster
4
SBUX Long positionStarbucks long position 1: At Support line 2: Rsi is oversold U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures, Stocks and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures, stocks or options on the same. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL, OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE DISCUSSED WITHIN THIS SITE, SUPPORT AND TEXTS. OUR COURSE(S), PRODUCTS AND SERVICES SHOULD BE USED AS LEARNING AIDS ONLY AND SHOULD NOT BE USED TO INVEST REAL MONEY. IF YOU DECIDE TO INVEST REAL MONEY, ALL TRADING DECISIONS SHOULD BE YOUR OWN.
NASDAQ:SBUXLong
by xvingen
sbux breakout lookoutlong term trend is in uptrend with trend strength increasing intermediate time frame is showing increasing uptrend with slightly flattening longer term moving average might be indicating consolidation...forming a tight symmetrical flag in uptrend move should lead to breakout past resistance area of 63.5x area and into areas of least resistance target is the .618 extension level at 65.85 volatility is contracting setting up for a major move possible breakdown due to negative divergence in rsi so remaining cautious- setting stop at 62.9x area volume is showing strong positive pressure
NASDAQ:SBUXLong
by inco1
Some Upside For Starbucks (SBUX)On March 24, 2017 Starbucks (SBUX) crossed over the 50, 100, 200, and 250 day moving average (MA). Also, the 20 day MA crossed below the 200 day and the 50 day crossed below the 100 day MA. Historically the stock has crossed above the same four MAs three times and the stock moved up 3.704%, 4.927% and 9.000% over the next 25 trading days. The 20 day MA crossing below the 200 day and the 50 day crossing below the 100 day have not both occurred on the same day. The 20 day below the 200 day has occurred 23 times with a minimal drop of 0.274%, median drop of 5.494% and maximum drop of 30.091%. The 50 day below the 100 day has occurred 33 times with a minimal drop of 0.330%, median drop of 7.526% and maximum drop of 29.474%. When we take a look at other technical indicators, the relative strength index (RSI) is at 58.4326. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is does not have a particular direction, but it is favoring the upside at the moment. The true strength index (TSI) is currently -11.4156. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is trending upward. The stock recently hit a temporary bottom according to the TSI and is working back toward positive territory. The positive vortex indicator (VI) is currently 0.9324 while the negative is 0.9216. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending upward. The positive just crossed the negative which indicates upward movement. Considering the moving average crossover, RSI, TSI, and VI levels, the overall near-term stock direction appears to be trending upward. Based on historical movement compared to current levels and current overall downtrend channel, the stock could gain at least another 2% over the next four weeks.
NASDAQ:SBUXLong
by StockSignaler
Starbucks Corporation (SBUX) – coffee giant low on energy?We are currently in a long sideways phase that has been exited only briefly in a little over a year. Within the price range of approx. $53.00 – $63.00, the value is oscillating in sometimes larger, sometimes smaller movements. Since the beginning of December, a clearer downward trend has now formed. The value of the stock is showing rising volume in the downward movements, and an unattractive chart development as well as falling volume in the corrections. The significance of the downward trend is also strengthened in comparison with the large indexes (SP500/Dow30/NASDAQ100). Since the election of Mr. Trump, these have been able to record new highs, while the Starbucks stock is having to fight back against a rally. Since there is still plenty of elbow room down to the lower edge of the sideways range, a trade in the direction of the downward trend seems to be the most lucrative. If a scenario such as the one in image 2 occurs, the subordinate trend could be used for an entry. The first target would be in the region around $54.00. A further target is also the area around $53.00. This is where the lower edge of the sideways range is located, which is why here at the latest, it would be advisable to take any profit. If the trend does not continue and if the last highs at $59.00 are sustainably broken, the short scenario would have to be put aside. In this case, a renewed observation of the stock would be advisable.
NASDAQ:SBUXShort
by ATT_Trading