SBUX trade ideas
SBUX coffee analysisI would love to see thing go in collection instead of distribution.
keeping it simple, might start collect it below 63 - 70$
TRYING TO BRAKE THE RESISTANCE - FILLING THE GAP Still looking bullish and trying to break the resistance line. Once it breaks, I am confident it'll fill the gap to target 1 with no problem. Currently, I'm holding 89C which is ITM and watching closely for potential scaling up. Good luck :)
Price above MA 100 and MA 25Price above MA 100 and MA 25, also, price rejecting 61.8 fibo retracement. good to go long
DOUBLE BOTTOM & FILLING GAP-BULLISHHuge gap 1/27 and double bottom. I can see it'll continuing uptrend towards target 1 next week, if it breaks you can scaling up or secure your buying power and keep the profit riding towards target 2. Good luck :)
SBUX price is in an important process.In 1H chart SBUX has a Bullish Gartley pattern so price may rise right now also the most important thing is.
Price is on an important support level. If price breakout that line it seems like bearish market may start. But that support can work because of the Gartley. Watchout those potential movements.
SBUX - short trading opportunityHi, let's look at the weekly charts for Starbucks Corp with the symbol of SBUX.
I like looking at Weekly charts because it reduces the noise and help us to concentrate on the overall trend the market in the intermediate and short term. Starbucks is following a 23 week cycle and I expect the next cycle low to be around 28th of April 2020. Cycle low can happen one week a couple of weeks prior or later as well and hence its important to look and i will be keeping an eye on it.
I have mentioned the key point of the previous cycles on the chart . Let's look what happened on 22nd July 2019. On the weekly candle at this date, we saw major market high being made and this was also indicated on the RSI levels . RSI went above the 90 levels and became significantly overbought. Around 23rd September 2019 is when we were expecting a higher high to be made as this time was around 75% of the cycle completion where one would expect a higher high in an uptrend cycle, which failed. We went on to make a cycle low as expected on 11 November 2019 which happened to confirm that we made a lower low than the previous important low and that we breached the previously established uptrend line.
Any long trades prior to this was a great time to exit and book all profits . We are now in a downtrend.
As established, we are in a declining phase on the weekly charts. Not only is the weekly momentum negative, the daily chart too shows that we are in a declining phase. Daily chart cycle analysis suggests cycle lows to be expected near Feb 2020 end or early March 2020.
Entry range : 87.35 to 90.35 (weekly chart has shown a downward window, will act as important resistance zone)
Take Profit 1 : 84.79 to 82.58
Take Profit 2 : 79.32 to 75.15
SBUXBEARISH confirmation
1. fully support trendline breakout
2. moving average crrosing
3. double top formation
4. RSI below 50
5. mid BB has become resistance
6. price bounce off below pivot point
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.
STBKS 1D SHORT break M200we can see that the downtrend broke the mm200 and is going to look the support.
I will open Short if the next candle open under the red candle.
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.
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
Coffe down the drainBroke out of muliti year resistance in Jan19 and went on a parabolic uptrend, it has broken out of its pattern and retested the trendline and now almost perfectly retraced back to the 0.618 Fib.We see on a daily a Bearish Engulfing and Money Flow divergence.
Most significat Support is former multi year resistance which is also where the Weekly 200 MA is located at 64$
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@Charlestrad3r
SBUX gets to double top close or at $100I think SBUX is going to climb up with this market to test that double top...its close enough and it wont be stopped.
SBUX - ROUNDING BOTTTOM / CUP AND HANDLE?CAREFUL WITH THE SHOOTING STAR - MIGHT RETRACE BACK TO THE SUPPORT BEFORE FLY AGAIN
SBUXIm tryin to make star bucks $$
The TA for this i ended up deleting and just posted the entry and targets.
