SBUX trade ideas
Starbucks Flying High!This stock is featuring for the first time on our TradingView blogs.
Current setup: Price is trending well and continues to look strong based on the monthly timeframe.
Conclusion: As long as price continues to create higher highs and higher lows on the daily timeframe, we should continue to see this stock remain bullish.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
SBUX Hits New All-Time HighSBUX has defied the recent weak market activity, and has run up to a new all-time high. The Percentage of Shares Held by Institutions remains well above average for a big blue-chip stock.
$SBUX short for next week Chart appears to be ready for reversal might want to add it to your watch list for next Monday!
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Starbucks - How long will it stay overbought? Using Fibonacci retracement: SBUX next resistance is $85.75 .
If we brake above this line with high volume, it confirms the extended bull trend; meaning we could spend some more time in overbought conditions.
RSI and OBV confirm strong uptrend since July 2018. Check weekly time-frame for a clear view.
SBUX August bear vertical: sell 72.5 and buy the 85 callThis trade is 43 deltas negative and can be done for a credit of 9.01. Best case profit of 901 is achieved below the stake of the sold call of 72.5 and the worst case loss is a loss of 349 per contract above the strike of the bought call, 85. There is technical support at 75 -- this is why the written call strike is below 75.
SBUX has a whopping high PE of 30; during the trade war debacle this is outrageous. Lots of growth in SBUX has come from store growth in China. In Q1 it opened 3,700 stores, and can now be found in 10 new cities — totaling 158 Chinese cities. As more money is being poured into Chinese expansion, however, competition is growing. Luckin’ is expanding throughout China; coffees at Luckin’ cost 30 percent less than those from the American competition.
Also, if there is a macroeconomic downturn, people will cut their expenses on luxury goods, like $8 cups of coffee. This is a fundamental issue SBUX will have to face. August expiry follows SBUX's earnings report which will begin to indicate the suffering from the consequences of the trade war.
short on STARBUCKS SBUXits overbought and it has reached a 78.6 fib level.
RSI AND MACD looks good, and with this market volatility it might go as planned real quick!
Will the market help bring SBUX down?Moving averages starting to head downwards. I'm willing to try to take this bearish.
Bull flag SBUXSBUX is showing to me at least a bull flag on weekly timeframe!
But trade war, china, tarrifs, etc, SBUX should grow big in China, right? ???
Bought SBUX Calls on a DIPSBUX down on overall market weakness, up-trend remains in-tact. Bought SBUX calls on Weakness expiring June 14th.
SBUX still strong bullishI've tried to set this up twice now. Hoping this will be the one to trigger. I read the markets may be bearish tomorrow morning so that could be the catalyst that gets this one to trigger.
SBUX still riding higherI tried this setup about a week ago and it didn't pullback enough to trigger. I'm going to give it another shot.
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SBUX: Speculative with declining volume, no Dark PoolsThis chart pattern is highly speculative. This doesn’t mean the stock won’t go higher but that buying it at this price is a very risky situation. On the weekly scale, the trend is bending under selling pressure as smaller funds and retail buy because the stock has been moving up. This is NOT a Dark Pool accumulation mode. Volume is declining steadily also. Volume that declines precedes a correction, either sideways action which means more upside eventually, OR a downside correction to a support level where fundamentals meet technical price levels.
STARBUCKS CORP (SBUX)(NASDAQ) Buy Stop $76.06 >>> Target $77.32NASDAQ:SBUX
STARBUCKS CORP
Stock - NASDAQ (USA)
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Buy Stop = $76.06
Take Profit = $77.32
Stop Loss = $74.79
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Take Profit = +1.66%
Stop Loss = -1.67%
STARBUCKS Buy Its Coffee or Shares First?Its yours to choose obviously. According to my analysis The major trend for STARBUCKS is in an uptrend and targeted to continue the trend. It's support is on 74.80 and also 73.85. Based on the Stoch RSI, It is on the oversold level and may be considered to entry. But for me It is even better to entry when the Stoch RSI Blue line crossing the red line and pointing upward first. For me STARBUCKS is a good stock for a mid to long term investment also.
p.s This is not a buy call. This is my personal opinions. If you have different opinion please do comment and share it with me.
Buy in signal for SBUXBuy in signal appears for STARBUCKS CORP NASDAQ:SBUX
Buy in at current price
Stop loss set at $74.8
Keep until the price drop thru stop loss price
