SBUX Long, EMA144 as support in UptrendThis is My Study script:
Buy in long term uptrend (Weekly and Daily).
Last week, Price Gap up above the side way consolidation
Today, price re-test EMA144.
Buy above EMA144 below: 79
Stop: 75
Target: 92 : Risk:Reward= 1:3
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SBUXD trade ideas
Starbucks COVID 19 Analysis June 2020Still not convinced the growth isn't just a pullback to test again the $50 price or to even fall beyond $50. Now, $50 looks like a strong resistance zone. More like a reasonable price. Being not a essential commodity, there may be a stronger hit to the stock price if unemployment affects their clientele at a level in which they would have to further restrict their spending on nonessential items. Still very interested to see what happens once 2nd quarter of this year closes and earnings are disclosed.
SBUX - Starbucks Analysis Just a quick TA on this one, short, sweet and to the point.
SBUX showed a noice bounce from it's current lows. Price is currently above the Red Point of control line, but was stopped cold at the 200MA. If you're looking to make a move on this one, we would wait for a break either above the 200MA, or a dip below the red point of control line.
An upward break above the 200MA and the first stop we're looking at is the $87 range.
A downward break below the red Point of control line and we would be looking for the first level of support around the $74 range.
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SBUX Long, Using EMA(144) and EMA(377) to find Buy opportunity Add EMA(144) and EMA(377) to show a dynamic support Zone;
Price crossover EMA144 today;
Entry: 78.5
Stop: 75; when Below EMA144 and EMA377
Target: 92; risk/reward=1:4
This is a trading school homework. I need few months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
BULLS NEEDS SOME COFFEE TIME With the reopening news, SBUX has a great opportunity to recover from the coronavirus cliff fall. Support $70.6 and resistant $78.1 is a huge consolidating area and had been tested a few times. The current news more likely will push this stock towards the uptrend. RSI looks good (never overbought since the drop back in March) and the TTM squeeze is in the transition to the uptrend momentum. Confirmation is to break $79.9 and the target is $82 next week.