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.
SBUX trade ideas
Starbucks SHORT The MACD and RSI indicators are showing overbought conditions, which may suggest that taking a short position at current level may be a good idea.
The target would be when the price reaches upsloping trendline which may take awhile.
Stop loss is 100,86.
Entry level is 98,43.
Entry as shown in the chart (red horizontal line)
Starbucks won't make itPrice has formed a bearish flag since April. The latest weeks bulls couldn't push the price higher and the sellers took control. It can break down at any moment, I opened a small short position, if it breaks down and closes under the flag resistance with high volume in the daily timeframe I'll add to the short. SP above $95.
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%
Maybe will be pullback on StarbucksStarbucks has completed an uptrend sequence...maybe will pullback next week till 89.84 and 89.66
SBUX weekly entry after 2 bearish hammersSBUX weekly entry after 2 bearish hammers possibly wave 3 wave C be careful with earnings
All set to hit $105?Looks like it wants to cross the $100 and collapse for a double bottom next year.
$SBUX with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $SBUX after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
SBUX BOOOLISHLonged SBUX Friday and sold as it absolutely ripped, and I don't like holding contracts over the weekend in this market. Earnings coming up if they beat, I think she rips. I think it's likely they beat as well. Depending on how it opens tomorrow it's near the top of my watchlist for a long. Looks like accumulation the past couple weeks. The max I would ride it would be to the black line as you can see it was resistance/support. I would likely take profits before then though bc I like to protect my profits and play it safe during an uncertain market. Not financial advice. $SPY $SBUX $ES
$SBUX Head andShouldersLooks like SBUX is due for a move down. Head and shoulders and reject at 93 looks top
Iron Condor Idea for a 1/20/23 expiration. $SBUX iron condor trade idea.
1/20/23 Exp.
+1 $110 Call
-1 $105 Call
--{$86 current share price}---
-1 $60 Put
+1 $55 Put
$50 credit and requires $500 collateral.
Credit to open and debit to close.
High risk for low reward.
Starbucks failed trade.SBUX - Had punted this as a long a little while back but, unfortunately, broke down to the wrong side of the trade. Will stay out for now and revisit once technicals improve.
SBUX 9/25/2022SBUX
Skip the $6 latte
After the formation of Head and Shoulders pattern between Apr.’21-Dec.’21, price broke down and entered downtrend in Jan.’22
Price continued its downslide from 109.00 to 71.00 where it found support.
Price pulled back in form of a channel to about 90.00 where it’s now rejecting the 200ema.
We also have a bearish MACD divergence with the price action meaning the pullback move is losing momentum.
Price has not broke down from the pullback channel it is in but the bearish MACD divergence is signaling the breakdown might be coming soon and continuation of downtrend.
Entering trade short.
Entry: 84.17
Stop loss: 95.79
Target: 71.25, +15.33%, 1.11 RR ratio
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.
SBUX Make or Break MomentHey everybody,
Starbucks formed the famous golden cross pattern seven days ago. Now the stock is sitting exactly on both the 50 and 200 MA. A breakdown could send the stock back down to the $75 area. A break above likely has this stock trading in the $100 area before the end of the year. Curious to hear your thoughts on this one.
SBUX H&Son the weekly there is a trendline that seems to be in trouble, here it looks like an H&S, I await neckline and mm, the technical changes seem to be there, perhaps it also corresponds to a resistance given by the previous trend and a gap of Nov 2020
SBUX - Golden CrossSBUX just had a golden cross! (50day MA crossing above 200day MA). Could still be volatile as the 200day MA will take some time to flatten out and turn up. Stop loss should be about $1 below the recent pivot low of $83
Watch out for earnings nearer end of this month. Could be prudent to take some profits before earnings announcements.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
SBUX ShortHello,
SBUX I think it will start with E Wave targeting $75 and more to $55, Also there bearish flag pattern,
SBUXBearish RSI divergence into weekly supply zone & 200 sma. I can't be bullish if price is below $93.50. Looking for new 52 week lows if below the 0.618 retracement from the c0vid crash (~$83ish).
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
#SBUX. Can I buy a coffee?A decisive breakdown gives me the confidence to ride this equity along with a hot coffee.
