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SBUX trade ideas

💡$SBUX ☕more upside brewing?💰+14%🏌️‍♂️📖Starbucks has doubled the amount of its stores worldwide between 2010 and 2020, a CAGR of near 7%. The company is almost ubiquitous around the globe with more than 18,000 stores in the U.S. and 14,000 in the rest of the world. Euromonitor expects the addressable market for coffee to grow at a rate of 5% to 6% per year, hitting $450 billion of revenue globally by 2023. This anticipated rise in coffee consumption is a tailwind for Starbucks and will provide it with opportunities to increase its market share. Starbucks plans to grow to 55,000 stores across 100 markets by fiscal year 2030. Starbucks median price forecast by analyst is $112, which is +13% at the time of writing. 📈 Some more long term price action I want to talk about first; looking at the Fib extensions using June 2018 lows and July 2019 highs, price has recently failed to break the -0.13 Fib extension at $106 on 4th Jan 2021. When price fails to close above the -0.13 Fib extension, this signifies price is exhausted and will often retrace. Price is down 8% since failing to break the -0.13 Fib extension. This swing may see price retest that level and close above it. Price has recently closed above some resistance turned support. It has also bounced off the support line of the bullish price channel. It has also completed a 0.5 Fib retracement form its Oct swing low and Dec swing high, this area is marked by the blue rectangle. There is also some hidden continuation divergence in the RSI, with the price making higher lows, but the RSI making lower lows. Price looks primed to move higher, towards the top of the price channel. 🔎This is not financial advice. Always do your own research and due diligence. Always wait for directional confirmation before entering a trade.
NASDAQ:SBUXLong
by zvissss
Starbucks MT (January 28th 2021)Starbucks (SBUX) (January 28th 2021 through July 2021) Low: $90 High: $111-$115 I think if Starbucks can hold a decent support, could maybe see new highs by summer so long as the general market rush isn't over just yet. I had a feeling 2020 Q4 report would be just under analyst expectations but am finally just getting to posting this chart. Will try to watch and update in the future. Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
NASDAQ:SBUXShort
by Hambooger
Bull Flag Earnings 1-26 AMCRisky to trade before earnings but it is waving a flag (o: Looks like they hit and they miss so not a sure thing. Plus we never know how the market will respond. They can miss and go up anyway, or beat and still go down.. NV and OBV are both high/short interest on the low side. Break-away gap noted under price...this type of gap is least likely to fill in the short term but can provide support.. Prior V Bottom, C&H and an ABC bullish pattern.. Not a recommendation.. The market may remain irration as long as we are solvent. Most likely Mr Market will become rational when we are no longer solvent.
NASDAQ:SBUXLong
by lauralea
9
Starbucks earnings today at 4:05pmStarbucks earnings are today at 4:05pm. My range is low $99, mid $103, high $107. 1st Quarter December 2020 Consensus = EPS: $0.55 Revenue: $6.88 Billion Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, risk management Beware of analysts motives Emotions & Opinions FOMO : bad timing Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel www.tradingview.com
NASDAQ:SBUXLong
by Options360
Starbucks bearish swing to $79One of the limits for the year has been triggered by this stock so I am short the stock. I typically close stocks based on weekly close so a weekly close above $106.41 is my reason to close and potentially switch sides. This trade will be held for weeks once it goes into profit. I got filled at 103.23 with a SL of $108 with a target of $79 This is for entertainment purposes only. Trading come with risk and you should consult a financial advisor for financial advice.
NASDAQ:SBUXShort
by TritonTheBillionaire
3
SBUX Making Higher Low's, Possible Breakout With MomoSbux recently announced good news from opening more stores, good sales on ice coffees and more. That catalyst pumped it to new ATH's and it's found new support at $100 phsych level. After some consolidation it's created a new support at the $107 mark and is set to go for a new ATH if momo continues. Possible catalyst academia season back in session should help with Q1 numbers if vaccine rollout get's better and schools announce on site requirement for students. Alert set at 107.75 Entry over 108.10 at 15m candle close Breakout Target 110.00
NASDAQ:SBUXLong
by OneTimeOs