$SBUX - wave 5 PT 138SBUX looks like it found wave 4 bottom, should be making its move now to 138 before the market tops
SBUX trade ideas
Starbucks Corp. bullish scenario:The technical figure Channel Down can be found in US company Starbucks Corporation (SBUX) at daily chart. Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves. As the world's largest coffeehouse chain, Starbucks is seen to be the major representation of the United States' second wave of coffee culture. As of September 2020, the company has 32,660 stores in 83 countries, including 16,637 company-operated stores and 16,023 licensed stores. The Channel Down has broken through the resistance line on 06/11/2021, if the price holds above this level you can have a possible bullish price movement with a forecast for the next 13 days towards 120.19 USD. Your stop loss order according to experts should be placed at 104.02 USD if you decide to enter this position.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
SBUX LongSupport line
10/28 4 PM earning
Entry 113
Stop 112
Target1 120
Target2 126
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
Possible Butterfly/CautionCAUTION/PLEASE READ
SBUX is down after weaker than expected earnings . This pattern pulled a few cents past the 1.27 so far, but can pull all the way down to the 1.618, if either bottom holds, it would be trading in a butterfly pattern and a stop can be placed somewhere safely under D. The next few trading days may give some insight as to which fib level this will hit.
The Butterfly pattern is a reversal pattern composed of four legs. It is also considered and extension pattern as D is below X. The first leg is labeled XA and is a leg up in a bullish butterfly pattern. The 2nd leg is marked AG and is a retracement of XA and should reach the .786 or very close. The final leg is CD and this should land between the 1.272 (also the 1.618 of AB), so this could fall further and still be considered a butterfly . The butterfly differs from the Bat and the Gartley patterns in several ways and the final leg is an extension of XA and not a retracement of XA. he BC leg is a rally up which needs to be at least to the .382 but peak 2 needs to be lower than peak 1.
Sometimes you can get an idea about which harmonic pattern , if you are looking at a harmonic pattern , on the 2nd leg, the retracement of XA and where it retraces to. For example, the Gartley would retrace to the .618, or close. The butterfly retraces to the .786 fib level, or very close.
There is also a bearish butterfly and the 1st leg (the impulse wave) is down. The bullish butterfly looks like a crooked M and the bearish version looks like a crooked W.
D needs confirmation before a long entry, so waiting to enter can be important especially so soon after weak earnings. There can be retests of D. They missed on revenue. I do not think the China exposure is helping SBUX either so confirmation can be critical.
No recommendation.
There is psychology behind every pattern in the market. An impulse wave is the start of a new trend, be it down or up.
Fibonacci retracement tool tells us a lot of things about the price. a retracement is inversely proportional to the power in trend.
SBUX - 3M ViewLong term, if the markets do show some weakness, I become a buyer in the $88ish region. The gap in the previous chart was the yellow line ($91.29) and in logscale view 3M chart, we have a rising wedge with main support at
$88ISH before potentially pushing higher within this wedge.
SBUX - A look at the Daily ChartsAs long as they markets continue to grind higher, I think SBUX can push higher towards $111 - $112.50 area where the VPOC and Volume supply is on the daily (short term).
I want to see an impulse move in that direction (with volume) that confirms a potential wave 1 reversal. Any weakness in the market and I want to be aware that if we break below our previous low ($104.02), we have an unfilled gap below at $91.29 which is closer toward our 2.62 extension level of this pullback. We do have a potential C wave completion here of the ABC correction but SBUX must now trade above it previous low or else wave C is not yet complete.
Support (green lines) and resistance (red lines). Orange box is a mix of heaviest resistance from VPOC and Volume supply zone. Hope this helps!
Starbucks Analysis 29.10.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button.
Thank you for watching and I will see you tomorrow!
Double Venti Coffee Needed For SBUX BullsSBUX - ouch....it's gonna need a venti with extra caffeine to get the bulls interested. The break of 110 points to 86
You know why most technical analysis falls short of your expectations?
It’s too subjective!
RSI and stochastics measure periods of overbought and oversold….but this measure has a defined range and o/b and o/s don’t always mean the party is over
Elliott Wave - objective rules; subjective interpretation
Moving averages - yeah, what about them?
Pivot points - yeah, what about them?
The common denominator, besides the fact that these are largely subjective measures, is that even if they were valid in terms of how you use them the rest of the marketplace would also need to be looking at that same exact set-up & indicator reading at the same time you are.
Otherwise, there is simply not enough critical mass behind your technical conclusion.
And I hate to break it to you, the odds of enough large players or thousands of small players looking at the exact same levels you are eyeing is slim to none. No offense intended. You’ve just been fishing in the wrong pond!
Now for something completely different and objective.
What if you had on your charts a series of horizontal lines that were derived mathematically and highlighted where the market as a whole is focusing on?
That would be helpful...right?
No subjective process in terms of the calculation
The price levels are very key and MANY large market participants are looking at these levels
It’s the perfect combo.
That’s what Aspen Trading’s S/R Levels do exactly.
And they are available on TradingView services.aspentrading.com
STARBUCKS CORPORATION : CMP 113Stock Trading in daily Time frame Correction which is expected to end in coming week....stock is good to buy at current levels with SL 105 for 155 in next one year
Trade idea SBUXSBUX is starting the 3rd wave. The second wave is completed and the stock is bullish.
Effects of an "accidental crisis" on Starbucks Stock Price.I needed this chart for a class. But it shows the effect of an "accidental crisis" on stock price and what similar businesses could deal with when going through "accidental crisis's".
WATCHING $SBUX - Key Levels and Analysis WATCHING $SBUX - Key Levels and Analysis
Understaffed, higher cost of operations, higher cost off coffee, and unstocked shelves will likely chip away at revenue. I don’t normally look at fundamentals… I’m strictly technical. This is just what I am physically seeing every time I walk into a Starbucks.
Analysis is technical only, but it seems to be supported but what I’m seeing in real time.
Starbucks would be an excellent opportunity around 100.
——————
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
(\_/)
( •_•)
/ >🚀
-26 OKT 2021 trading analysis SBUX-26 OKT 2021
trading analysis SBUX
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
long possition for now because rebound 109, xx and ema 144 & ema 55 take profit 125,xx cut loss 108,xx
let's see
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
good luck, and happy profit
see you for next update
#keep learning bakkarianz metode
SBUXSBUX: HIGH ALERT PLAY
- MACD is to the upside
- Calls over 115.00 (WATCH OUT FOR THIS PRICE LEVEL)
- Puts Under 1114.07
- REMEMBER NO BREAKOUT NO TRADE
0032 SBUX:xnas - Squeeze [4H] | OptionDate : Thursday 21th October 2021
Time of trade (Malaysia Time) : 00:05
Scanner : DDNK Mega Stocks
Entry Price : $1.04 (Stock price $114.92)
Shares : 10
TP (Take Profit) : $1.55
SL (Stop Loss) : When mother stock reaches $109.17
*Prices are in $USD
Technique (Long Call/SPV/ SCV /Iron Condor/Long Put etc) : Long Call
Expiry Date : Friday 19 Nov 2021 (30 days)
Option Entry Price : $1.04
Strike Price : $120.00
Delta : 0.25
Contract : 10 (1000)
Comments :
- What's on your mind? (What do you think about what you are doing/did?)
Squeeze and I plan to sell within 1 or 2 weeks. I wanted to pick delta 0.3, but I saw a higher volume of options significantly at 0.25 delta. Expiry 30 days. Squeeze looks beginning.
- How are you feeling? (e.g. Energetic and well. Energetic and serabut? Unpleasant and uneasy? FeelsOkayMan etc...)
Good. A chart is a chart is a chart. I'm starting to get tired, so this is my last trade for tonight. Well done Man :).
- Any distractions on your mind? (Lawan ngan gf monkaS).
Nope.
Starbucks support at $108 in an uptrendStarbucks is in a long term uptrend since 011220 at $102.16 and a medium term uptrend since 240220 at $84.22. Important support is now at $108.23 with a short signal on the day charts at $114.93.
LONGTERM UPTREND since 011220
Medium term UPTREND since 240820
Short Term DOWNTREND since 170921
PIVOT 108.23
Long positions above 108.23 for 116.20 and new all time highs
Short positions below 108.23 for 87.98 and 73.78
Falling Wedge- BullishI don't play SBUX often but frankly is setting up quite well here; Big falling wedge on the daily timeframe and also sitting on its 200 days moving average, Bollinger bands are squeezing on the 4-hour timeframe as well, some slight bullish hidden divergence on the RSI.
Important to note SBUX has earnings coming up on 10/18' - Technicals all bullish and will be looking for a breakout (Broader Markets & Earnings Permitting) - Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones
- Falling Wedge on the daily timeframe
- Bollinger bands squeezing on the 4-hour timeframe (Not Pictured)
- Sitting on its 200 day EMA & SMA as well (SMA Not Pictured)
- Slight bullish divergence on the RSI
- Buyers stepping in
PT1- $114.40
PT2- $115.64
PT3- $116.82 + Breakout
Strength & No Emotion Those who are following my SBUX prediction ( link attached ) is still highly probable. We now have support from D+, 3x confirm, and the MACD.
Growing bullish divergence with 2 buy signals from two very reliable scripts are pointing to $114 price target by Friday.
$114 By Friday I predicted todays jump to $114 and was off by less than 0.50 cents. I believe we are in the start of an uptrend as indicated by the black line, and $114 seems to be a safe price target for the week as we almost hit that today. If this is a strong week, we can expect SBUX to near $120 a share.
I will be following this closely and posting updates.
My current position: 5 contracts ( calls ) @ 0.20 a contract with a strike price of $114 by Friday October 15th.
Unfortunately I did not get in for todays jump as my limit strike price was not met, off by one cent ( very frustrating )
Comment your thoughts below on Starbucks and this analysis and make sure to like :)
ABCDTargets are not applicable right now until pattern completes and uptrend resumes.
AB is not always equal to CD and can be a shorter fib level than the 100% mark or an extension of AB which will make the landing pad lower than the 100% mark. For now there looks to be an M forming and the retracement of the impulse wave (1st leg up) pulled to the .786 fib level. Often you can begin analyzing which harmonic pattern, if it is a harmonic pattern, at the end of the retracement leg.This is indicative of a Bullish Butterfly harmonic pattern but would cause price to get down close to the 1.27 fib level. This is not an exact science and the only thing that never changes is change itself (o: In the bullish ABCD pattern the first leg is down, but as a rule, a harmonic pattern contains an ABCD pattern. I will not call this a butterfly unless price heads to the 1.27 as that is where butterflies usually land. This pattern could morph and nothing is a given. Many times we can only hypothesize or exercise an educated guess. There is confluence noted at that level.
The Alligator indicator is a trend indicator that consists of three lines – smoothed moving averages. Bill Williams called these moving averages balance lines. Each of them depicts a part of the alligator’s mouth which help in identifying a trend and its direction. The Alligator’s Jaw (Blue line) is a 13-period Smoothed Moving Average and shifts by 8 bars into the future. The Alligator’s Teeth (Red” line) is an 8-period Smoothed Moving Average and shift by 5 bars into the future. The Alligator’s Lips (Green line), is a 5-period Smoothed Moving Average and shifts by 5 bars into the future.
The alligator sleeps, or consolidates, then wakes up as the moving averages show the trend with an untangling of the smoothed moving averages. The SMAs need to be in chronological order with the smallest or fastest, the 5/green/on top. The idea is to wait for the averages to untangle and point to the trend. This indicator is on TradeView. I have always like this indicator and accidently found it on here. For now it looks like the alligator is going diving to eat as all three averages point down.
No recommendation.
starbuck reversing !!!NASDAQ:SBUX
subx is reversing again
I am being 14 calls options on Starbuck expiring in oct 1
on the Mac and the stochastic rsi it is being over sold
