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SBUX

Starbucks pull back before completing trend channel?Starbucks could be heading to the top of the channel but the speed/momentum at which it is doing so looks like due for a correction. Currently the price point looks to be at 1.618 of wave 1 which is an ideal resistance point for some correction. But, if it were to continue its momentum which is likely then the purple box is the next target point which is both a fib resistance and 2.0 fib extension. I think that SBUX will continue up to the purple box before any correction. RSI: is overbought on the higher daily & 4hr time frames EMA's: SBUX has gone pure vertical leaving all EMA's in the dust as well as bollinger-bands. These combined with the RSI lead me to believe there is a correction in store before the next run up. News: There is no substantial news that I could find that would explain the crazy momentum. Follow the $: overall the options trading volume is substantially in the bullish direction. looking at the charts this makes sense.the september 18th call expirations look to have almost 7x more capital in them than the puts. Plays: I would look into $85 or $87 puts if the underlying continues with this momentum to purple box to play the correction. overall I am bullish on starbucks and will be following charts for long term bullish moves. Thanks!
NASDAQ:SBUXLong
by DOpeTrades
Starbucks (SBUX) - Hangs Around 21 EMAAs you all know, I regularly post pullback trade ideas as stocks pullback to their 21 day EMA. Today, I am looking at Starbucks NASDAQ:SBUX . What's different about this pullback is that Starbucks usually doesnt hang out at the 21 for more than a day or two. However, its been 4 days... so I wonder if the powers that be are on to us! ... just kidding. But in all seriousness, I like this chart. I think that it really shows that support at the 21 EMA is being tested hard and should SBUX close the day out above the 21 EMA or even the 8 EMA on the daily chart (putting it in the Green), then I think next week we could see SBUX go even higher.
NASDAQ:SBUXLong
by UnknownUnicorn6775423
SBUX - Starbucks Analysis Just a quick TA on this one, short, sweet and to the point. SBUX showed a noice bounce from it's current lows. Price is currently above the Red Point of control line, but was stopped cold at the 200MA. If you're looking to make a move on this one, we would wait for a break either above the 200MA, or a dip below the red point of control line. An upward break above the 200MA and the first stop we're looking at is the $87 range. A downward break below the red Point of control line and we would be looking for the first level of support around the $74 range. Hit us with a like and a follow for more updates. Cheers! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
NASDAQ:SBUX
by MannyLo
BULLS NEEDS SOME COFFEE TIME With the reopening news, SBUX has a great opportunity to recover from the coronavirus cliff fall. Support $70.6 and resistant $78.1 is a huge consolidating area and had been tested a few times. The current news more likely will push this stock towards the uptrend. RSI looks good (never overbought since the drop back in March) and the TTM squeeze is in the transition to the uptrend momentum. Confirmation is to break $79.9 and the target is $82 next week.
NASDAQ:SBUXLong
by ronskalit
CRAZY ACTION IN THE MARKET! WHICH WAY DOES SBUX GO??? My previous chart showed a false breakout downward and an advance upward. Is the upward breakout false too? We definitely have to remain flexible for any possibilities. First setup a possible A.B.C.D.E Elliott pattern correction AND a possible head and shoulders formation on the hourly chart with a neck line around $61 I've labelled two possible scenario's 1) hits neck and moves upward and continues breakout in a bullish pattern. Or breaks out of A.B.C.D.E pattern upward. 2) breaks neck and heads down to Fib retracement around $45-$55 level. Breaks A.B.C.D.E pattern downward. Only time will tell. Have to remain open to all possible outcomes. I'm neutral on this one. These charts are using Heikin on the hourly.
NASDAQ:SBUX
by byzantine82
STARBUCKS TO CONTINUE FALL PRICE TARGET $40 Good day all, As I posted earlier there has been a nice Elliott pattern forming with the last leg developing. Further to this, a triangle pattern has emerged and has broken out with a gap downwards on daily. Generally speaking, the target distance is the widest part of the triangle which lands just around the $40 mark. Further confirmation to this is the retracement to the Fib level of 50% from it's low of $50. We should expect the stock to trace down to at least the first level of the Fib extension which ALSO is around $40. Fundamentally speaking, traffic is down now in UK, Canada, USA to drive-thru or full closure which compromise the majority of its revenue. They have guaranteed wages to staff into May whether they show up or not which in turn will MAINTAIN expenses. Starbucks realizes this and this is why it has decided to continue buybacks of 40M + additional 16M of its stock while other companies have suspended this. This is purely intended to juice its EPS come the next two quarters in hopes to 'manufacture' a better number. Expect retail investors to jump on only to be followed eventually with a downturn again. Let me know what you think and if you see the opposite forming! Cheers.
NASDAQ:SBUXShort
by byzantine82
SBUX FURTHER DOWNSIDE EXPECTED IN APRIL AND BEYOND. AS THE MARKET BEGINS TO TURN, A PROPER RETRACE OF PRICE IS ACHIEVED AT THE 50% FIB LEVEL. A, B ,C FORMED AND CURRENT NEW ELLIOT 5 WAVE ABOUT TO FORM WITH TARGET AT 38.2% EXTENSION OR FURTHER. GREAT RETRACE TO FIB LEVEL 50% LAST WEEK FOR AN EXCELLENT BULL TRAP. THIS IS FURTHER COUPLED WITH USA LOCKDOWN WHICH ACCOUNT FOR 65% OF THEIR STORES. DEBATABLE IF ANY FLOW OF BUSINESS ACTUALLY HAPPENING IN CHINA EVEN THOUGH "95% OF STORES OPEN". POOR GUIDANCE FOR REST OF YEAR ON APRIL (IF THEY GIVE ANY) WILL DRIVE STOCK FURTHER DOWN.
NASDAQ:SBUXShort
by byzantine82