SBUX
SBUX Losing Steam? Bill Ackman Selling on liability?SBUX forming lower high - double top. Its looking like the last leg up to ~$100 was the blow off top of an amazing run. Part of the 81% 2019 increase was due to their China success and growth; Coronavirus continuing to spread into different countries closing stores.
Starbucks Short - CoronavirusWith reports of the coronavirus in full force within China and the boarders shut down. This might be the perfect time to short Starbucks. Starbucks now has about 12.75% of all store location in China and reports have stated that all locations have been shut down.
No reports have been made about the duration of the shut down, but this will have a significant effect on Starbucks Q1 2020 financials. Star sucks earnings already missed in Q4 2019 without this added on.
Putting my TA hat on. The first potential support zone is about 4% of a draw down and then another 6%. I’m waiting for the triangle set-up to break before shorting.
Bounce LKBought at 35.5 (Jan 30, 2020)
Stop slightly below support
Targets:
38 (1:1), 40 (2:1), or run back to highs
Note:
Play bounce of 50MA, I had my alert at 50MA so I entered. Expecting the break of short selling over reaction due to this corona virus.
Indicators say still on a downtrend of course. But just trusting this 50MA support and levels for the bounce. Have good r/r.
SBUX BAD COFFEE BUT MIGHT BE BULLISHI am a coffee addict and i hate bad coffee, and #starbucks is one of the worst imo, but chart is pretty bullish, so im looking around for call options.
Tried to show my projection on chart
ALWAYS waiting for SETUP's not only price
My target is 110 usd
I'll update if the setup is ready
$SBUX Earnings Reaction Lines Up Buy-the-Dip PotentialSBUX out with earnings after the close... company hit hard by Wuhan Flu with a bunch of stores shutting down. But we are in a raging bull market and this pullback is likely some form of buying opp. The earnings pullback will hit the 200-day MA in the $86.50 area. Maybe a bit of an overshoot here, but it gets juicy after that.
SBUX - Gameplanafter a nice move yesterday following an upgrade by jpm SBUX looks good to attack the highs again
background: stock trended higher for a year until august 19. since then price had a correction bottoming at around 80$.
price created a nice round bottom and now breaking to the upside on good news and market momentum.
game plan
buying on a break above yesterday highs 88.9
adding if retest 88.7
stop at close below 83.8
or
buying on support of 86.7
adding at 83.8
stop at close below 80.65
selling into resistance levels
target at 96.75
SBUXIm tryin to make star bucks $$
The TA for this i ended up deleting and just posted the entry and targets.
Sbux LongAccording to Bloomberg, The Fed Is Entrenched in the Repo Market.
"Since the rate on overnight repo spiked to 10% on Sept. 17 from around 2%, the central bank has been conducting overnight and term repo operations to help rebuild banking reserves, adding $237 billion of liquidity. It’s also prepared to inject up to $490 billion around Dec. 31."
Since, the market is held up by the fed, I looked around for some safe stocks to go long on and Sbux seems like a good safe bet.
if we get a pullback to $88 today, i would get an entry and see if we could potentially reclaim ATH at $99.72 in the next two weeks.
especially since majority of the white girl index is hitting All Time Highs, Why can't Starbucks?
Stoploss around $86
Take profit $91
max target 99
Sell On SBUXI think we are in Very Strong Fresh Supply and Must Be Respected So Its A good Sell On Options and Stock / Have Good Trade With (Stop Loss)
Starbucks /technical analysisThe RSI study on SBUX has worked well, as it behaves very closely to the stock price.
A
Uptrend RSI & price
B
Downtrend RSI & price
C
Price consolidation & RSI uptrend
Fundamental
J.P.Morgan raised its rating on the SBUX to "overweight" at $94 FE.
Becky Is Back -- SBUX ST DEC 6 gambleMeet some half strangers at a round table for coffee over the holidays. The people from high school who you are trying to avoid but cant seem to miss when you return home.. Where to meet? SBUX.
They announced some Irish cream drink today; makes your mouth water saying it... too bad I dont buy the overpriced drinks myself!
I took a weekly neutral/bullish position on SBUX via a put credit spread at the 84.5 and 84 strikes for a credit of .2 for the DEC 6 Strike
PoP was .6636 Kelly says max weighting of 15%
I used a weighting of 5%
GL HF
xoxo
snoop
SBUX - Can we push upwards?This is just a potential outlook. We'll be waiting for price to approach resistance #1
If price can break through resistance #1 , we'll enter buy positions to targets at resistance #2 . If price can further break resistance #2 and turn that into new support, there is a good chance that we can see SBUX continuing upwards to its previous highs.
Harmonic gartley pattern SBUX (STARBUCKS) 1dNASDAQ:SBUX
Harmonic chart patterns were developed by H. M. Gartley in 1932 and published in his book, Profits in the Stock Market. The Gartley pattern, or Gartley 222 pattern, is one of the most popular harmonic patterns to predict a continuation of a prevailing trend. While it’s similar to the AB=CD pattern, the Gartley pattern contains one more leg.
Target is 103
Stops below 90
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SBUX long setup 1:2 RiskI see a potential and I am going to go long small position.
SBUX TRADING SETUP:
Direction: LONG
Entry: 83.45
SL: 80.76 ($2.69)
TP: 89.07
Risk: 1%
Risk reward ratio: 1:2
Disclaimer: This is not financial advice
Trade safe,
Atilla
LONG SBUXExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
SBUXGreen zones are buy zones.
Red line is the stop loss for entry in the highest green zone.
If that breaks, entry targets area the 2 lower green zones.
$SBUX Daily chart$SBUX Daily chart. Secundary uptrend line was broke and is now acting as resistance while 0,61fib is acting as support.
