SBUX trade ideas
profit taking aheadrolled out of a call spread just now, rolling into puts here for a quick trade down, want it to touch 3x on this trend or overshoot before pulling the trigger.
She's hot, but on a month vista this move is egregious.
SBUX to continue higher?As of now SBUX has broken out its 52 week high price 118.73 and may continue to trade higher if price can maintain above. The base formation of 9 weeks is quite tight at less than 9%, giving an indicator of a high tight flag pattern, with flagpole of 66% from base. Monitor for next pullback/move.
STARBUCKS CORPORATION (SBUX) NASDAQ - Target ReachedTF: D
1. MACD Lines - Entering Bottom
2. KC - Price Drop Below Lower Line
3. MACD Histogram - Bear Losing Power
4. Pullback
5. Impulse System - Green or Hollow
6. HH - ATH
$SBUX Chart IdeaI charted this halfway through the day, but it looks like a possible start to the C&H formation.
$SBUX Possible pump Monday $SBUX
-Another easy play here watch for previous resistance break which will lead us to approach ATH
-ATH breaks always go big
-beware of possible rejection we can pull back down to the 9-day
-wait for an entry and analyze price action as market opens
SBUX - Getting ready for a squeezeSBUX finally broke through that major resistance @ 114.70 w/ volume. We have also entered time cycle one on the TTM Squeeze. We're in the 7/16 115C and up 45% @ close. SBUX still has a lot of momentum to test 117 area and possibly take out the high. I can see this happening within the next week or possibly early if the market keeps trending higher.
SBUX - At 100 EMASBUX - Is at 100 EMA & it usually bounces here, also at daily demand zone, watch for reversal for calls here
STARBUCKS trade hitting take profit 1 we had a quick in quick out on Starbucks that was posted to the team last night and just now has hit our take profit 1 where we take half of our profit and move our stop loss to entry giving us a risk free trade. the reason for this trade is that Starbucks as you can see has been respecting its daily trend line and with the world starting to open up, especially here in the UK and in the US i can only see a bullish momentum in the stock as people go back to enjoying what they have missed for the past year. we saw a bullish engulfing candle close and placed a buy limit order 1 pip above so we was sure that it would be triggered market open. we have now seen a lot of buy pressure hitting our take profit in a few hours we will now manage this trade, enjoy the first profit and hopefully ride it until the second.
Can SBUX keep up with coffee demand facing shortages?SBUX 2HR TF
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ANALYSIS
Coffee is in high demand, but SBUX is facing inventory shortages (cups, syrups, oat milk) as it continues to reopen locations world-wide. SBUX is already making amends as the company is resuming it's reusable cup program and dropping its summer 2021 drink line up.... This past week SBUX showed some strength to reverse and retest ATHs, as it broke the current downtrend resistance (solid green trendline) and filled the gap at 112.54. Looking for a continuation this week with a slanted inv h&s setting up and an impulsive wave 3 forming as the breakout.
Targets: 113.70, 118.32, new highs
Key levels
Support: 112.14, 110.88, 108.90
Resistance: 113.73, 114.63, 116.12, 119
Ideas
1. Shares
2. Long (swing calls 2week+ out exp. ATM/ OTM)
SBUX breakoutTrend line breakout with bullish strength. Caution entering around this area since it's at a possible resistance level and could pullback.
SBUX Trendline Bounce + Earnings Run?SBUX looks to be continuing to respect the upwards trend that is has been on since March of 2020. Once again we are seeing it bounce off its trendline and move higher. With earnings season also approaching I think we can see SBUX bounce and continue to climb higher. I like this LONG WITH TIME ON CONTRACTS!
$ SBUX 4H Idea??? - $SBUX 4h has formed a bull flag as well as a double bottom. Watching for a breakout of the flag to enter
SBUX Breakout Soon?SBUX is looking good and ready for breakout soon. Here's a couple things we need to look at:
1. Increasing volume as well as relative volume over 1 (currently at 0.68)
2. A break through of one of our targets listed below
3. Candle close above or below trendlines
Levels I am looking at:
Calls < 113.58
Puts > 109.69
Follow these guidelines and it will print!
SBUX - Potential Breakout & LevelsSitting just under support here on SBUX wedge, looking for a move back into the trend or a breakout below.
Here are my levels for calls and puts:
Calls <114.24
Puts > 110.02
Relative Volume is @ 0.74 right now, we are looking for Rel Vol over 1.00 to confirm an entry.
keep this one on your watchlist
