SBUXD trade ideas
Short starbucks for daily support from end of the wedgeShort starbucks for daily support from end of the wedge
SBUX Earnings Call Risks and RewardsReal quick before trading closes.. I have the levels above that could be reached if traders react well to the earnings and the levels if a drop occurs.
We all know that the earnings are going to be low. That is factored in already, but still there is still going to be a reaction tomorrow morning. I personally think there is more risk going for a call rather than a put due to SBUX outperforming XRT, the retail sector's ticker. More room to move down rather than up.
Still earnings is always a little bit of a gamble so be safe and trade appropriately! Give me a follow if you like my content and check out my past couple posts... I'm pretty good at calling SPX movements ;)
purchase for starbucksHello, STARBUCKS is looking all the condition are met , look for the 78.72.
Please LIKE & FOLLOW, thank you!
SHORT SBUX EARNINGS TOMORROW FUNDAMENTALS FIRST AND FOREMOST EARNINGS ARE TOMORROW I DO NOT THINK THAT THEY CAN BE POSITIVE WITH THIS PANDEMIC GOING ON.
technical wise the trend line is being tested more often which means it could potentially break soon, notice how each retest to the trend line gets a weaker pump and triangles are getting smaller and smaller, it is signs of a bigger move in the works.
Just looking through a few indicators and the Stoch RSI. It is going to the oversold point and also could be a corrective wave downward.
This is a risky play, so i am going to short a small amount or a short term contract, because i sincerely do not believe earnings will be astounding
Lets see what happens and remember
Wash yur hands!
SBUX 1DStarbucks 1d Chart each candle represent 1 day
1 - we hit 50 moving average and as we all know 50 moving average is a strong resistance
2 - we are in overbought zone in stochastic over 80% means barish
3 - Starbucks have a earnings call in 2 days on 04/28/2020 lets hope for good result
now lets talk about Elliot waves and lets portend we will have a 5 wave move than we have now wave 2 had retracement to 50% Fibonacci level of wave 1 now wave 3had a retracement to 1.68 Fibonacci lavel of wave 2 now if we will have wave 4 retracement of 50 Fibonacci level of wave 3 and than if wave 5 retrace to 1.68 Fibonacci level from wave 4 than thats how chart will look
on one week chart means each candle represent 1 week we retraced to 1.68 Fibonacci level and closed last week with Doji candle Death candle.
on 4 hour chart each candle 4 hours same situation
now some market psychology
Market going down to get more customers market need more money to come inside the market so that 5% of traders can make more money and when supply bigger than demand and price is correct (low) traders institutions start buying so price will go back up greedy people is going to look or buy because it start getting more expensive so they think time to buy now and they will make money but than that greed comes in and greedy people now start thinking i will take to much risk i better make little amount but i am not going to loose none ill wait few days ill c what's going to happen and than buy stock so they wait few days and miracle happen stock gets more and more expansive daily now time to grab that free cheese time to buy and we all know that not u not me not our family members and everybody in this world never got free cheese the moment they buy or may be greed say u taking to little profit u selling to early its going more up and as soon as they buy or didn't sell decided to wait more now supplies bigger than demand the real traders already start selling because they got their supply when they c decision making moment and that they can loose risk little now to make big so they take that risk back than 2nd candle usually now they start selling start taking profit out and to lower price down to get more people in so they can make more money but cheep people just got their positions now or didn't sell at correct moment now they wait price start falling now they panic and start selling to save some money the moral is, in the end everybody gets what they deserve stop being greedy in this business u need balls to risk some off your money if u afraid to loose even little go look for other business that brings profit to u not ones not twice but consistently without risk but usually its physical job or learn how to trade correct. risk management is very very boring but very very important pay big attention to that. Everybody thank you for reading my nonsense its life. Use your brain don't listen to fake news they lying a lot and u loose money because of them also sometimes and me i am just bull shitting. 'don't listen to me either i cant be correct all the time but market correct 100% all the time
Make your own decisions but its nice to know what others are thinking.
SBUX ShortMarket overall is a short. Unemployment will keep going up, this is just the beginning. Short everything, don't listen to the bozos on CNBC painting you a beautiful picture.
Starbucks-SBUX-SELLNASDAQ:SBUX :SELL
Analysis Method: Fibonacci & Wave Theory
Wave Sequence: Hourly
Target: $50
Time-frame: 40-50 days
Will update.
FMW
Sbux Enter long at the retracement I have been pretty good on entering and exiting trades on this. Not to say i'm never wrong, however good risk management is stressed. I will enter long if we retrace back to $69, this looks like it is still following the trend line. Those purple boxes are where i have been putting longs. Been taking quick profits and never getting too greedy. So this week i think we go to the trend line and bounce off to continue up to the next fib level. I am keeping in mind that as soon as this price action goes back up to $80, simple fib levels wont do anymore.... but until then that is it i suppose.
Any questions or comments, i would love to see new ideas of this stock or even the whole stock market right now
Down below are the progression of my ideas, so you can see how i have been fine tuning the charts to see a better picture.
Share your thoughts!!
Very "old" trend-line in Starbucks - **IT WORKS**Good morning traders,
Starbucks NASDAQ:SBUX hit a very strong Trend-line. We connected two points that are several years away and it's really interesting because it really stopped the market!
This analysis contains not only a description of the current situation but is also partly EDUCATIONAL.
The video content is as follows:
1. Market Profile (PinBar)
2. Volume Profile
3. Value Area
4. Trend-lines
5. Gaps
6. Zone trading
We combine these points to create the whole picture.
In the future, we plan to set up an alert manager for this type of trades so we can share it faster.
Have good trading,
FINEIGHT team
CRAZY ACTION IN THE MARKET! WHICH WAY DOES SBUX GO??? My previous chart showed a false breakout downward and an advance upward. Is the upward breakout false too? We definitely have to remain flexible for any possibilities.
First setup a possible A.B.C.D.E Elliott pattern correction AND a possible head and shoulders formation on the hourly chart with a neck line around $61
I've labelled two possible scenario's
1) hits neck and moves upward and continues breakout in a bullish pattern. Or breaks out of A.B.C.D.E pattern upward.
2) breaks neck and heads down to Fib retracement around $45-$55 level. Breaks A.B.C.D.E pattern downward.
Only time will tell. Have to remain open to all possible outcomes. I'm neutral on this one.
These charts are using Heikin on the hourly.
STARBUCKS TO CONTINUE FALL PRICE TARGET $40 Good day all,
As I posted earlier there has been a nice Elliott pattern forming with the last leg developing.
Further to this, a triangle pattern has emerged and has broken out with a gap downwards on daily. Generally speaking, the target distance is the widest part of the triangle which lands just around the $40 mark. Further confirmation to this is the retracement to the Fib level of 50% from it's low of $50. We should expect the stock to trace down to at least the first level of the Fib extension which ALSO is around $40.
Fundamentally speaking, traffic is down now in UK, Canada, USA to drive-thru or full closure which compromise the majority of its revenue. They have guaranteed wages to staff into May whether they show up or not which in turn will MAINTAIN expenses. Starbucks realizes this and this is why it has decided to continue buybacks of 40M + additional 16M of its stock while other companies have suspended this. This is purely intended to juice its EPS come the next two quarters in hopes to 'manufacture' a better number. Expect retail investors to jump on only to be followed eventually with a downturn again.
Let me know what you think and if you see the opposite forming!
Cheers.
SBux LongI am still long on this hoping to see $80 break, but i think what will happen first is a retest of the trendline and the fibbonaci levels. Everything is aligning perfectly.... dont believe me just look at my previous ideas and you will see. SBUX is a cash cow. Alright thats it for now i suppose.
