Short SBUX Maximum Volume and momentum followed by a giant reversal pattern.
Price level $50 to be tested.
SBUX trade ideas
Lower Lows | Lower HighsDespite ending higher, oscillators crossing downward and may be early signs for a dip
SBUX bounce buyStarbucks has been trending sideways bouncing off various support and resistance levels. I think it's a good time to buy at $58, place stop at $57 and sell at $60 for a 1:2 R:R. Trade duration: 10 days.
Consolidate further before upard movement
Price needs to correct and consolidate before finding upward movement
$SBUX SHORT OPPORTUNITY Triangle has broken through the support line at 17-Nov-12:30. Possible bearish price movement forecast for the next 17 hours towards 55.9475.
Supported by Downward sloping Moving Average
SBUX making a comeback ? Spotted reversal in SBUX. It making higher high above EMA200. Would be nice if the price able to close higher in next few day
Looks like it is forming rounding bottom
Go buy some Frappe's this weekSeriously, I need some people to support that EBITDA for November 2nd earnings. Where my pumpkin spice latte peeps at?
I love SBUX for my long portfolio at this level. Big gamble if this goes lower, but I think it's time to make moves!
Simple S/R Strategy: Trade #5 - SBUXHoping to see an MSR form at the bottom of this channel with tomorrow's Daily candle, at which point I'll get triggered into the trade.
So far, I'm 2 for 4 on the testing of this strategy.
