SBUX trade ideas
SBUX FURTHER DOWNSIDE EXPECTED IN APRIL AND BEYOND.
AS THE MARKET BEGINS TO TURN, A PROPER RETRACE OF PRICE IS ACHIEVED AT THE 50% FIB LEVEL. A, B ,C FORMED AND CURRENT NEW ELLIOT 5 WAVE ABOUT TO FORM WITH TARGET AT 38.2% EXTENSION OR FURTHER. GREAT RETRACE TO FIB LEVEL 50% LAST WEEK FOR AN EXCELLENT BULL TRAP.
THIS IS FURTHER COUPLED WITH USA LOCKDOWN WHICH ACCOUNT FOR 65% OF THEIR STORES. DEBATABLE IF ANY FLOW OF BUSINESS ACTUALLY HAPPENING IN CHINA EVEN THOUGH "95% OF STORES OPEN". POOR GUIDANCE FOR REST OF YEAR ON APRIL (IF THEY GIVE ANY) WILL DRIVE STOCK FURTHER DOWN.
SBUX comes with further discount next weekNASDAQ:SBUX revenue is definitely getting a big cut due to low opening store count in US.
Sbux long term LONGseeing that no one has the idea, is kind of driving me crazy. but SBUX looks to be at a 50% discount and the purple little box is where i am knife catching, but its alright because i am in a longterm contract that expires in a year. I think with FED injecting $ into the markets then everything should be fine
SBUX - Short LATTE MACCHIATO Possible opportunity in SELL LIMIT :
It could either mean that the stock is in a lasting downtrend or just oversold and therefore bound to retrace
Looking for constructive criticismThis is my first chart trying to analyze support and resistance. I'm new to day trading so please share whatever techniques you use when studying a stock. Thanks in advance.
Bryan
Saham syarikat SBUXSBUX adalah kod bagi syarikat Starbucks Corp yang diperbuat dari segi sektor pengguna. Mengikut pemerhatian gelombang sahlun tentang saham ini adalah downtrend@bearish dengan penurunan sebanyak 33.52% dalam tempoh 3 bulan lepas. Dari segi Syariah, saham ini adalah Syariah yang diragui atas sebab-sebab tertentu
Starbucks, ShortThe morning star formation last Friday may be short-lived once the rebound hit the 61.8% retracement which confluent with the supply level.
STARBUCKS (SBUX) | Buy when there's blood in the streets IVHi,
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in three segments: Americas; International; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, and iced tea; and various food products, such as pastries, breakfast sandwiches, and lunch items.
Starbucks, well-known coffee "producer", has started to approach a pretty significant support level. It consists of clean price action levels and in technical analysis clean = strong!
Many big companies have found resistance in the first attempt to break above the psychological number of $100 and many of them has found a new support level around 60. Hopefully, Starbucks is not an exception, luckily we have really great support waiting for us which allows jumping into another potential wave upwards!
"Buy when there's blood in the streets, even if the blood is your own." - technical analysis is perfect for that kind of market situation. Technical analysis gives you just a little bit more a sense of security: you had a plan, you have waited for some certain price levels, you have a long-term perspective about the company and you have done everything correctly to buy it - after that, your decision is on the hands of the market.
Technical analysis criteria are pointed $55 - $65:
1) 2015 and 2017 resistance levels become support.
2) Clean trendline and the support level make up a crossing area, a good sign!
3) Fibonacci retracement 38%
4) Fibo Extension 200%
5) Monthly Exponential Moving Average 100 (EMA100) adding strength to the marked area.
As said, do your own fundamental research and if this matching with my technical analysis viewpoints then you are ready to go! If it doesn't match then...skip it!!
Good luck,
Vaido
SBUX coffee analysisI would love to see thing go in collection instead of distribution.
keeping it simple, might start collect it below 63 - 70$
TRYING TO BRAKE THE RESISTANCE - FILLING THE GAP Still looking bullish and trying to break the resistance line. Once it breaks, I am confident it'll fill the gap to target 1 with no problem. Currently, I'm holding 89C which is ITM and watching closely for potential scaling up. Good luck :)
Price above MA 100 and MA 25Price above MA 100 and MA 25, also, price rejecting 61.8 fibo retracement. good to go long
DOUBLE BOTTOM & FILLING GAP-BULLISHHuge gap 1/27 and double bottom. I can see it'll continuing uptrend towards target 1 next week, if it breaks you can scaling up or secure your buying power and keep the profit riding towards target 2. Good luck :)
SBUX price is in an important process.In 1H chart SBUX has a Bullish Gartley pattern so price may rise right now also the most important thing is.
Price is on an important support level. If price breakout that line it seems like bearish market may start. But that support can work because of the Gartley. Watchout those potential movements.
SBUX - short trading opportunityHi, let's look at the weekly charts for Starbucks Corp with the symbol of SBUX.
I like looking at Weekly charts because it reduces the noise and help us to concentrate on the overall trend the market in the intermediate and short term. Starbucks is following a 23 week cycle and I expect the next cycle low to be around 28th of April 2020. Cycle low can happen one week a couple of weeks prior or later as well and hence its important to look and i will be keeping an eye on it.
I have mentioned the key point of the previous cycles on the chart . Let's look what happened on 22nd July 2019. On the weekly candle at this date, we saw major market high being made and this was also indicated on the RSI levels . RSI went above the 90 levels and became significantly overbought. Around 23rd September 2019 is when we were expecting a higher high to be made as this time was around 75% of the cycle completion where one would expect a higher high in an uptrend cycle, which failed. We went on to make a cycle low as expected on 11 November 2019 which happened to confirm that we made a lower low than the previous important low and that we breached the previously established uptrend line.
Any long trades prior to this was a great time to exit and book all profits . We are now in a downtrend.
As established, we are in a declining phase on the weekly charts. Not only is the weekly momentum negative, the daily chart too shows that we are in a declining phase. Daily chart cycle analysis suggests cycle lows to be expected near Feb 2020 end or early March 2020.
Entry range : 87.35 to 90.35 (weekly chart has shown a downward window, will act as important resistance zone)
Take Profit 1 : 84.79 to 82.58
Take Profit 2 : 79.32 to 75.15
SBUXBEARISH confirmation
1. fully support trendline breakout
2. moving average crrosing
3. double top formation
4. RSI below 50
5. mid BB has become resistance
6. price bounce off below pivot point
