SBUX trade ideas
Starbucks pulls back to the 200-day SMA after getting frothyThe world’s biggest coffee chain had a monster run in the first half, ripping from the mid 60s to a few cents from $100. It got a little frothy and had to pull back, but now it’s perked at the 200-day moving average and the buyers may be lining back up.
The company had a double-shot of strong earnings reports in July and October thanks to a winning blend of loyalty programs, price hikes and expansion into China.
The weekly chart is also interesting because SBUX has retraced half its move from the breakout and is holding a consolidation pattern from June:
NASDAQ:SBUX
STARBUCKS chart suggests the bottom is in. SBUX-LONGIn this detailed chart i have several indicators pointing to a near term bottom for Starbucks. The TD Sequential and WIlliams VIX FIX point to a bottom. The ichi-cloud also shows more room for upside in this equity. Notice the indicators have been extremely reliable in the recent history.
SBUX long setup 1:2 RiskI see a potential and I am going to go long small position.
SBUX TRADING SETUP:
Direction: LONG
Entry: 83.45
SL: 80.76 ($2.69)
TP: 89.07
Risk: 1%
Risk reward ratio: 1:2
Disclaimer: This is not financial advice
Trade safe,
Atilla
Starbucksstarbucks new opening the biggest starbucks in the world.
the news came right after it hit the short target.
i even feel shocked that it happened spot on..
when it wil break the cloud. starbucks is a long again. it already is since hit that low target.
safe all.
have a great coffee and enjoy
mr stone..
www.marieclaire.com
starbucks dump btc dump,will gold survive? market collapse?when you look at many major player the are all dumping like coca cola starbucks.
gold is at a critical level here.
end of the year incoming.
how wil this close.
safe all!
Stone..
LONG SBUXExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
moment of truth for starbucks lets see if this 200 ema holds. if it does ill wait for confirmation and take a 1/4 position long. if it breaks down below that will confirm a bump and rum reversal and will continue to a minimum 50% retracement of the initial move up.
just watching for now.
not a trade recommendation. strictly for educational purposes
SBUXGreen zones are buy zones.
Red line is the stop loss for entry in the highest green zone.
If that breaks, entry targets area the 2 lower green zones.
$SBUX Bearish Three candles suggested further decline Goal 75This bearish pattern.. suggests that stocks price has been at a high price for too long, and investors are beginning to compensate for it. all indicators showing oversold too .. Also investors can not get long positions unless there is confirmation of bullish reversal otherwise it is high accurate pattern and may be decline go further than 75 . support at 81-79
Starbucks Near-Term BounceSBUX looks like it could be setting up for a nice bounce back into the $86-87 range. Then, as long as we hold a higher low, onwards to $90-$92. Weekly & Monthly charts are still showing a need for further correction, however, I do believe there is opportunity for a relief rally here. There was a lot of buying into the close today. Lets see what happens in the morning. Break above $82.65- Bullish. Break below $81.25- Bearish. Have a couple short-term options positions open. Lottery positions, either i'll lose a little or gain a lot. I still expect to see $65-75 prices before christmas.
Sbux suxLove this company
BUT
testing 200d SMA and MA.
If it breaches the next support at 76
If it holds it may bounce nicely
$SBUX Starbucks meets expectations. Starbucks meet earnings estimates of 70 cents per share in its fiscal Q4 earnings report, up 13% year over year. Sales of $6.75 billion outpaced the $6.67 billion analysts were seeking, up more than 6% from the year-ago quarter. Shares are up 3% in the post-market on the news, and keeps its record of not missing earnings estimates since Q3 2015. Global comps rose 6%, up 5% in China. Shares aren’t cheap, but the market likes the results. Source Zackz.com
Technically the stock is in the process of staging a reversal after a sizeable selloff, as the market rotation turned investors back towards tech.
P/E ratio 29.
Average analysts price target $96 | Overweight rating.
$SBUX Daily chart$SBUX Daily chart. Secundary uptrend line was broke and is now acting as resistance while 0,61fib is acting as support.
