sbux short below 81.50 lvlengulfing candle, head&shoulders, daily.
approaching past strong selling candles
in between ema 15 & 50ma
gucci bagger 🤑
SBUXD trade ideas
SBUX - uptrend still intact (for now)Uptrend still intact unless we breach the near term support @ 84.
Bullish divergence is a harbinger that a near term bounce is in the works (note that any bounce from a bullish divergence is short term and may not translate into longer term trend).
Watch out for resistance at 90 as it may experience another consolidation around there.
A close above 90 will be a strong signal for the bulls.
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!
SBUXSBUX looks like great play for next week seems good resistance at 90-91 area zone. Manage your own R/R
Am I crazy? $SBUX SHORT 1HNot a financial advise.
$SBUX Seems to have reached the end of the rising wedge the rsi is losing momentum as well.
Let's see what happens now.
More room to goSBUX looks like it continue downward for at least a few more weeks. That is, until the fall white girls convention at your local Starbucks.
Rektuccino To Go.Bull trap is in motion - likely has more milk in it but don't hang around too long as the market is about to become lactose intolerant.
$SBUX with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $SBUX after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 87.5%.
SBUX EarningsBearish on SBUX earnings, between inflation cutting into people's budget and rising labor and material costs, I think they miss
Also overbought on daily MFI with RSI divergence
Starbucks earnings continuation and gap fill following trend NASDAQ:SBUX
Starbucks earnings continuation and gap fill following trend
Is Starbucks Shooting For The Moon? Starbucks had a good quarter in Q2 despite widespread shutdowns in its second-largest market, China. The company reported $8.15 billion in net revenue for a gain of 8.7% over last year which beat the consensus by $0.02 billion. The beat is slim but compounded by strength in the largest market, the U.S., and new store openings. On a comp basis, the global comp is up 3% on a 6% increase in ticket average offset by a 3% decline in tickets. In North America, sales rose 9% on an 8% increase in check average and 1% increase in volume while International sales fell 18% on a 44% decline in China. Ex-China, International sales rose by double-digits, driven by new stores and deeper penetration of emerging coffee markets.
SBUX earnings and uptrend confirmedSBUX 50MA crossed back above the 100MA. Uptrend confirmed. Earnings tomorrow. Let's see what happens.
SBUX - turned the cornerBroke out of a cup base @ 80 on 18 July, then pulled back and retested this neckline which now affirmed that this resistance has now become support.
Time to buy the dips (as long as it does not close below 80). RSI >60 showing good strength. However, be mindful that earnings is expected out tomorrow. Should there be a dip after earnings (but staying >80), it would be a good opportunity to initiate some position.
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 - Strong Bottom Along UptrendA strong bottom has formed along a Starbucks uptrend on this daily timeframe
It has also been previously seen as a point of resistance which further emphasizes its potential as a future support (how it is acting now)
Buy on this daily timeframe
SBUX Starbucks Corporation Options Ahead Of EarningsLooking at the SBUX Starbucks Corporation options chain, i would buy the $90 calls with
2022-9-16 expiration date for about
$1.88 premium.
Looking forward to read your opinion about it.
SBUX Target $107.5Since bottoming at $68.5 in May SBUX has made a series of higher lows and most recently a higher high. The ADX is confirming the uptrend since June when the D+ crossed D-. The OBV is also confirming the trend.
The most recent candle broke out of the weekly and daily descending trend lines and closed above the .618 Fibonacci level.
Short term and long term Force index cross is very bullish and the current price's proximity to the POC looks like a relatively safe entry as it represents the level at which the most shares have traded in the last 12 months ($79.26).
Assuming earnings are in line I anticipate a prolonged rally up the Fibonacci scale.
Targeting: $87.49, $92.64 $107.52
mark my words$SBUX is going to cover the GAP at the $90s level, refused to go back, and still going forward
what to expectas you can see, there is a symmetric triangle, there, waiting for retest the breakout point an going up 15% to the end of the pattern, the triangle means a trend reversal, so, we can expect to see higher prices for $SBUX
46% upside from hereQuality stock, a real company with earning, cash, real problems, not too much problems, and a 46% of potential upside, confirming the end of the down trend with a symmetric triangle.
StarbiesIf we cannot break and hold above 80.82 then I will be turning into an absolute bearish candle
SBUX LongSBUX getting some real good buying volumes in the base. most of the consumer services companies been doing good last week or so and some names have already broken out like MCD, WEN. SBUX might follow them. Above 80, looking at
9/16 80C
PT : 83.80, 85.60
SL : 78.60
next stop $93If you want to go long, the time is now. $SBUX has been created a symmetrical triangle pointing to $93
Nice buying volumeThis has been getting some good looking at volume buys in a base. Most of the consumer services companies have been doing good last week or so and some names have already broken out, $MCD $WEN. SBUX might follow them. Above 80, looking at 9/16 80c PT's: 83.80, 85.60 SL: 78.60
Starbucks: Caffeine boost for price actionStarbucks
Shortterm - We look to Buy at 76.22 (stop at 71.07)
The trend of higher lows is located at 70.80. This is positive for sentiment and the uptrend has potential to return. Early pessimism is likely to lead to losses although extended attempts lower are expected to fail. We look to buy dips.
Although the anticipated move is corrective, it does offer a good risk reward ratio for the short term.
Our profit targets will be 91.83 and 95.00
Resistance: 92.00 / 110.00 / 126.50
Support: 71.00 / 60.00 / 41.00
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