Starbucks might see a pick up right here
We hit the long term trend line right at the 50$ so for me it is in a support spot.
Lets see what happens and
May the markets be with us
SBUX
An over-reaction or a major trend reversal? With the significant 2-day decline on high volume, combined with the breach of the often-tested $53 area of support, NASDAQ:SBUX seems to have begun a major reversal.
In the absence of any positive news in the near future, I see a continuation of the downtrend towards the next support level of about $43.70.
short on sbux starbucks stock 59.50 stop on 66 Stop can be use paralel with SPX 2766 weekly close. There is someting going on this here with suprise earnings and misleading news around. Let's try what will be
As always max. 1% on total capital risk must limit your size.
StarbucksWatching next day or two for break up or down. Consider call options/puts in green zone based on breaks.
SBUX / Starbucks Long Opportunity Starbucks usually recovers when it takes heavy hits
The reaction time may be SLOW but it's low-risk buying at this point in price.
Always use stops!
Cheers.
SBUX(Will be star broke)Longer term, to the downside
Not sure if you're a coffee fiend, but you beloved starbux will be getting slapped in due time. I have zero knowledge about what the store is doing. what papers are filed, and a bunch noise that I never cared for when it comes to trading.
If I can get extra skilled with it, I want to say around late Spring the drop will begin.
Jumpy But Need A RefillHi guys. I gave up drinking coffee, but I wish this company good luck for being so brave imho. Thank you for taking a look.
SBUX- due for a CORRECTIONDouble top on resistance and head and shoulders forming. Cycle from 2009 is due for a correction. Look at the previous cycle for a clue. The trend of parabolic advances may continue after after a correction to 42 or even 50 if lucky, but this year doesn't look too hot for the coffee giant.
Short SBUX Maximum Volume and momentum followed by a giant reversal pattern.
Price level $50 to be tested.
Consolidate further before upard movement
Price needs to correct and consolidate before finding upward movement
SBUX making a comeback ? Spotted reversal in SBUX. It making higher high above EMA200. Would be nice if the price able to close higher in next few day
Looks like it is forming rounding bottom
bear flag starbucksAfter an impressive 800% gain over 25 years ?
Perhaps its high time for a major dip
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.
$SBUX (Starbucks) Long Possibility The good thing about this stock is that it usually recovers in a fairly quick amount of time. This stock doesn't always recover right away. I personally think Starbucks is coming to an area of previous support, so I believe price will follow history and recover back to the pre-earnings prices. Remember if you take my ideas to live trading, please remember that risk is important.
Starbucks investors SHAKE off the BEARSLet's face it, investors love Starbucks. Even after it's most recent dismal earnings report, the floating interest is at 1.62 %. I'm in for the short term bounce.
Let me know your thoughts!
Steven W.
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.
SBUX Long positionStarbucks long position
1: At Support line
2: Rsi is oversold
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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
5.21.2017 Trade Idea: SBUXIf you are interested in more of our trades, check out our profile and Tradingview Indicator @ChaoticTrader
SBUX - Starbux's caffein sine wavesI see these two sine waves as you can see, market on the chart.
In my head, this could play out as follow:
- filling the GAP
- wipe out the longs who placed their stop below the minor sine wave
- pullback and...
- ...because of short term overall market drop, wipe out even the stops below the macro sine wave.
Whoaah...a little too far ahead for my feelings.
But it is how my brain tells em the story.
Just waiting for opportunity to come.
P!
