SBUX to ~$118.74, try for a shortSBUX gave the perfect automatic re-entry after tagging the mid-point pivot and returning to our original entry. Following the rules and reloading would have already ensured you now have your full investment lots, risk free. With no downside other than a $0 gain potential it's a good chance SBUX goes for it's $118.74 target.
Based on how it pivoted down straight from it's midpoint on the first touch take the bet and to try getting short at $118.74 with a tight stop. If it blows through the final d-target then there's more upside coming. But chances are we see a reversal from the d-target. Don't get greedy though and take profits early on that reversal to ensure lock in your risk.
SBUX
Starbucks at crucial support.Starbucks - 30d expiry - We look to Buy at 97.62 (stop at 94.94)
The primary trend remains bullish.
97 continues to hold back the bears.
Bespoke support is located at 97.50. 96.17 has been pivotal.
Offers ample risk/reward to buy at the market.
The daily chart technicals suggests further downside before the uptrend returns.
Our profit targets will be 104.12 and 106.12
Resistance: 99.00 / 101.00 / 102.50
Support: 97.48 / 96.52 / 96.17
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
SBUX a tale of two trendsSBUX appears to be in a repeating downtrend from Summer 2021 to Spring 2022. It would be ideal to utilize AI to predict how low SBUX will retrace. However, for the purpose of technical analysis (TA) and trend observation, I'm sharing indicators such as RSI, MACD, and AO, which suggest a high possibility of SBUX repeating the downtrend.
Over the next three months (June-September), SBUX is expected to move sideways between 96 and 106. Then, a significant drop would confirm the repetition of the downtrend, or a substantial surge could break 116, continuing the uptrend and setting a new high.
Here are the key observations:
On the weekly timeframe, RSI has remained below the mid-line since last month, indicating an expected continuation along the mid-line. Additionally, MACD's histogram bars are below the mid-line, further confirming the strength of the downtrend.
MACD is currently moving below the signal line, confirming the downtrend. Comparing previous uptrends on the price chart, which lasted 55 weeks, to the recent uptrend of 45 weeks, there is an approximate 10-week difference. Applying this 10-week gap to the length of the MACD histogram, which stayed below (or crossed) the signal line for 39 weeks in the past, the prediction for the repeating trend is approximately 28 weeks.
Similarly, looking at the Awesome Oscillator (AO), in the previous cycle, it took approximately 30 weeks for AO to cross below 0 and reach the lowest price. If the cycle is repeating, it is expected to take around 20 weeks to reach the lowest price.
Please note that these observations and predictions are based on technical indicators and historical patterns, and they may not guarantee future price movements. It's important to consider other factors and perform comprehensive analysis before making investment decisions.
SBUX is now bouncing of a potential support zone - weeklyThe weekly timeframe shows, that the price of this stock is bouncing of a support zone. It forms from previous bounces from this zone as shown in the chart. Besides that, we have a bullish engulfing candle last week.
So there is a potential buy opportunity with a 2:1 Risk-Reward-Ratio to the upside.
Enter: 101,87
StopLoss: 95,38
TakeProfit: 113,9
have a great week!
Best regards
Tradinguny
FYI: No financial advice or consulting. It is only my view on the stock and is for entertainment and education purposes only!
Starbucks on a Strong Daily Support looking for a Bullish RunStarbucks is exhibiting a robust support level on the daily timeframe. The price has shown a bullish sentiment by respecting this support level. As a result, we anticipate a bullish reversal and the formation of an upward trend. This bullish momentum could potentially drive the price to revisit the $107 level.
SBUX - Rising Trend Channel [MID TERM]🔹SBUX has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate.
🔹Break downwards through 98 will be a negative signal.
🔹Overall assessed as technically positive for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
$SBUX Analysis, Key Levels & TargetsNASDAQ:SBUX Analysis, Key Levels & Targets
Time for some new swing targets…
Target 1 at 94, and Target 2 @77… and that is the start, but all of the other targets are in play as well if we dip even harder… and target 1 and two would create a head and shoulders if hit…
---
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
Investment Thesis: StarbucksStarbucks has established itself as a dominant player in the specialty coffee industry, with a strong brand image, extensive global presence, and a diversified product portfolio. The company's successful business model, focused on providing high-quality coffee and a unique customer experience, positions it for continued growth. However, there are potential risks to consider, including increasing competition, changing consumer preferences, and potential supply chain disruptions. Overall, Starbucks presents an attractive investment opportunity with the potential for long-term value creation.
SBUX Near Crucial Levels and $117 is the Next TargetOn the daily chart, SBUX swings within the middle of an ascending wedge and tries to stabilize above the horizontal resistance area between Fibonacci level of 78.6% at $107.23 and $108.87.
While we are now waiting for SBUX to breakout above the ascending wedge, which paves the way to advance towards $117.80-120.76 as initial targets. With setting the levels of 126.32-131.24 dollars as additional targets in the case that the SBUX managed to exceed the previous targets and hold above them.
On the opposite side, if SBUX fails to hold within the rising wedge range and breaks down, we may witness a return towards the previous swing area near the level of $103.89 and also near the EMA-50. If SBUX also breaches these lines, we may witness a further decline towards the levels of $98.93-96.17 as next bearish targets.
SBUX - Bearish Divergence - Short OpportunitySBUX seems to be showing a bearish divergence with the price action and RSI.
If you can look at the chart, see how the Price action is creating Higher Highs, and RSI indicator is creating Lower Highs. That is a bearish indicator.
Obviously, we do not want to make our decision just by using one indicator.
We also see a rising wedge (in yellow) which we can use to mark our entries. As drawn on the chart, if the price breaks and closes below the rising wedge, we can enter PUTS and ride it until after earnings.
The trade will get invalidated if the price breaks and closes above the bigger rising wedge (blue) , or (109.76) which we can use as a Stop-Loss.
I've also marked some key support levels on the downside which you can use to plan your exits.
TRADE:
Option 1: (ITM) $110 Puts Expiring 3/17/2023 (around $530 per contract)
Option 2: (OTM) $95 Puts Expiring 3/17/2023 (around $100 per contract)
Stop-Loss: Price closes above 109.76
Risk: HIGH . (This can easily backfire and run up with the earnings FUD and depending on the result.) But I'll stick to my strategy and add the trade with a tight stop.
As earnings are approaching, it is always risky to trade the ticker due to high volatility and not having a clear direction bias of the result.
This is just my opinion. Do you own research before entering the trade.
Let me know what you think in the comments below. Would love to see some of your inputs.
SBUX Starbucks Options Ahead Of EarningsIf you haven`t bought SBUX Starbucks after my last chart:
Then you should know that the rally could continue, in my opinion.
Looking at the SBUX Starbucks options chain ahead of earnings , I would buy the $115 strike price Calls with
2023-4-21 expiration date for about
$2.90 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
BROS - Dutch Bros Inc.One of the longer-term plays I am watching. IPO'd back in 2021, they don't have much in the way of current earnings, but analyst estimates are expecting big growth over the next couple of years.
Starting to inch its way up the right side of a possible stage 1 base on good volume. Don't need to rush into buying this one - need to let it show me that it is in fact ready to go. As of now, it's still in a downtrend regardless of the constructive action since the start of the year.
Starbucks SHORT The MACD and RSI indicators are showing overbought conditions, which may suggest that taking a short position at current level may be a good idea.
The target would be when the price reaches upsloping trendline which may take awhile.
Stop loss is 100,86.
Entry level is 98,43.
Entry as shown in the chart (red horizontal line)