SBUX trade ideas
Starbucks Gaps UpLast post: July 13th 2019. See chart.
Review: Price was trending up nicely.
Update: Due to earnings, price has gapped up showing further strength.
Conclusion: We want to see if the gap will be filled or whether price continues to create new all-time highs
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
$SBUX... Yup, ISSA BUBBLE (tea)RSI near 90 on every time frame (including monthly). Will most likely hit that $100, just so they can say they did.
***Let's talk about it ... over some tea"
Starbucks - Explosive Rally Approaching Historical LimitsSBUX is Approaching a historically important RSI limit
+80% rally since its most recent June lows of 2018.
Chinese firm Luckin coffee raises $650m in its IPO, bringing with it added competition in China and a licence to burn cash.
Starbucks bubbleStarbucks went parabolic for no particular reasons. Expansion in Asia is likely to hit the brick wall of US-China trade war. The company recently racked up an enormous amount of debt and has gone equity negative. The price is almost double future cashflow . Yet the price keeps climbing to psychological level 90 completing clear wave count in a rising wedge on 1H chart.
Big short
Building positions around 2 strikes:
- 50% of the position - October put @85
- another 50% of the position - November puts @65
Exit strategy - liquidating positions based on PA.
Shorting milestones - SBUXEvery time, Starbucks hit a new milestone of 10s - at $70, $80, it made a correction of about $5-$10. Small corrections also happened every 5s - at $75, $85. Loaded up on puts for $87.5, $88, $89
Short On Starbucks Near an all-time high and RSI seriously oversold
Will increase position @80 on the RSI
Starbucks Is Moving Full Steam Ahead!Last post: July 3rd 2019. See chart .
Review: Price was in a nice up moving trend.
Update: Price has continued to head higher since.
Conclusion: This stock should present a nice trading opportunity on the next breakout.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
SBUX could hit $35.00 by CountdownToOct2021 Market LowSBUX could hit $35.00 by CountdownToOct2021 Market Low
Restated: SBUX 204 SMA = $30/share could lose 65% value by 2021Restated: SBUX 204 SMA = $30/share could lose 65% value by 2021
SBUX 204 Monthly SMA = $40/share - could lose over 50%SBUX 204 Monthly SMA = $40/share - could lose over 50%
Daily SBUX forecast analysis for stock investing strategies03-Jul SBUX
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Falling section of high risk & low profit
S&D strength Trend: In the midst of a rebounding trend of upward direction box pattern price flow marked by limited falls and upward fluctuations.
Today's S&D strength Flow: Supply-Demand strength has changed to a strengthening buying flow when stock market opening.
read more: www.pretiming.com
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.2% (HIGH) ~ -0.7% (LOW), -0.3% (CLOSE)
%AVG in case of rising: 1.3% (HIGH) ~ -0.2% (LOW), 0.8% (CLOSE)
%AVG in case of falling: 0.6% (HIGH) ~ -1.0% (LOW), -0.7% (CLOSE)
Short StarbucksStarbucks is taking a page out of Bitcoin's playbook on exponential price action. Short this garbage.
Starbucks Shooting Higher!Last post: June 20th 2019. See chart .
Review: Price was trending up nicely showing a nice bullish candle last month.
Update: Price has since broken above a previous high.
Conclusion: As we have broken above a previous high, price is looking strong and creating new all-time highs.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
SBUX (Starbucks) HaltedSBUX flatlined in the last few sessions. Possible Short opportunity. Let's keep watching!
Caffeinated beverages gone parabolic 2.618 extension hit. Looking for a retrace to previous resistance at the .618 of current leg up. It's just coffee.
Loosing MomentumHow does this go higher? trading at like 35x trailing PE and 26x forward sales = no thanks.
