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..
SBUX trade ideas
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.
Starbucks LONG!!!Monthly RSI is super overbought at support also scmr is giving a pivot at this support level
SBUX Bouncing Fibonacci levelSBUX bouncooing Fibonacci level and creating a Hammer in the e Monthly.
SBUX before earnings I am still bullish on SBUX, I have my largest option call in history rooting for this steady climb with a boost from earnings. Stay tuned to see how accurate this prediction is,
