Starbucks move in next month i expect this move for Starbucks in next month and before next earning call
Starbucks
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.
Starbucks I It will go up 2 minutes ago
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** Starbucks Analysis - Listen to video!
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SBUXStarbucks entering major demand zone that cant be ignored, its not lost on me that we just broke the 200SMA however Risk/Reward is prime in this name at this exact spot. Stop loss should be a daily close under demand zone
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.
SBUX short *starter position* Looks to be getting pretty extended.. running into quite a few lines going into next week with a surely bearish FED meeting.
Starbucks Head and ShouldersIt has to be said that Starbucks doesn't look good at all in the monthly timeframe. If the formation works, it will be possible to see the level of 63 dollars in the summer months. Approaching or crossing the $120 level means formation cancellation.
SBUX weekly inverse cup n handleSBUX is resting at the top of a parallel channel, within the handle of an inverse cup n handle. I am short to $96.
Starbucks will do down short-midtermToday I entered into a put option position on Starbucks expecting a pullback to the 79-84 area. (golden pocket and .5 retracement level)
Some reasons:
- Bearish divergence on medium time frame oscillators
- Resistance levels noted on the chart as trend lines
It appears that Starbucks may be forming a head and shoulders pattern as well, I plan to hold some of my position in case this pattern plays out.
Goodluck!
Starbucks heading to the sun to $113.42!Cup and Handle on Starbucks formed, broke up and out of it and is heading up.
The moving averages are super bullish 7>21>200
Target $113.42
CONCERNS:
The handle has formed gaps which is not good for TA as gaps close 70% of the time. This makes it a Medium probability trade where I only risk 1.5%
All set to hit $105?Looks like it wants to cross the $100 and collapse for a double bottom next year.
Starbucks: Diamond??it seems to be forming a diamond, on the weekly it looks like a symmetrical continuation triangle, there is no resistance on the weekly, the two gaps of Nov 20 and the island reversal of the end of March 21 could help in establishing a BreakOut
I also don't rule out a bearish reversal H&S, the volumes initially made me think about that
Starbucks - SBUX buy entry pointWe belive that the current pullback is an excellent opportunity for bulls. This is likely to be a mid-long-term uptrend.
9/28/22 SBUXStarbucks Corporation ( NASDAQ:SBUX )
Sector: Consumer Services (Restaurants)
Market Capitalization: 96.703B
Current Price: $87.11
Breakout price: $90.30
Buy Zone (Top/Bottom Range): $86.30-$81.55
Price Target: $106.60-$108.40
Estimated Duration to Target: 65-71d
Contract of Interest: $SBUX 12/16/22 92.5c
Trade price as of publish date: $3.50/contract
📊MATIC squeeze to a trendline! 3 preconditions to open a shortHi friends! Matic is make the biggest performance among other altcoins. But after the Inflation rate announce, it`s make a pullback to the global trendline.
Even the announcment of the partnership between the Polygon (MATIC) and Starbucks don`t PUMP the price . This mean that the big buyer is waiting for the better price and don't want support the price to buy lower.
📊 Preconditions to open a short:
🔥squeeze to the trendline
🔥bearish BTC
🔥sell orders WALL on DOM and Footprint
🚩 When the matic test the trendline for 4 times, it`s make a huge Pump, but i think we are in a different market conditions now. In any case pay your attention to volume indicator and DOM to identify the Big players to open a trade in the same side with them.
📊 The closest targets is the $0.7-0.78 value area.
💻Press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
PUTS on Starbucks $SBUX Target $85.50First lower high after a long bull channel also is testing the supply zone (order block)
Starbucks earnings continuation and gap fill following trend NASDAQ:SBUX
Starbucks earnings continuation and gap fill following trend
SBUX - Strong Bottom Along UptrendA strong bottom has formed along a Starbucks uptrend on this daily timeframe
It has also been previously seen as a point of resistance which further emphasizes its potential as a future support (how it is acting now)
Buy on this daily timeframe
SBUX Starbucks Corporation Options Ahead Of EarningsLooking at the SBUX Starbucks Corporation options chain, i would buy the $90 calls with
2022-9-16 expiration date for about
$1.88 premium.
Looking forward to read your opinion about it.
what to expectas you can see, there is a symmetric triangle, there, waiting for retest the breakout point an going up 15% to the end of the pattern, the triangle means a trend reversal, so, we can expect to see higher prices for $SBUX
