SBUX trade ideas
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SBUX: Speculative with declining volume, no Dark PoolsThis chart pattern is highly speculative. This doesn’t mean the stock won’t go higher but that buying it at this price is a very risky situation. On the weekly scale, the trend is bending under selling pressure as smaller funds and retail buy because the stock has been moving up. This is NOT a Dark Pool accumulation mode. Volume is declining steadily also. Volume that declines precedes a correction, either sideways action which means more upside eventually, OR a downside correction to a support level where fundamentals meet technical price levels.
STARBUCKS Buy Its Coffee or Shares First?Its yours to choose obviously. According to my analysis The major trend for STARBUCKS is in an uptrend and targeted to continue the trend. It's support is on 74.80 and also 73.85. Based on the Stoch RSI, It is on the oversold level and may be considered to entry. But for me It is even better to entry when the Stoch RSI Blue line crossing the red line and pointing upward first. For me STARBUCKS is a good stock for a mid to long term investment also.
p.s This is not a buy call. This is my personal opinions. If you have different opinion please do comment and share it with me.
Whos buying 5 dollar coffee these days anywaysThis is quite the call being so far out but could happen. Still learning about ins and outs of Wyckoff phases I do believe that we are in SOME kind of distribution phase within the market currently. I'm neither Bull nor Bear more trading for the education of the whole thing. So if you believe this to be true then so be it follow said chart be smart with your money a distribution period into a Bear market could really hurt some Perma Bulls.
For the "shorter" term (I use that term lightly) though looking like a double top with less volume on the second rise yet still creating a higher high. If you don't feel like waiting the year or 2 this chart may take to play out that's the current look so it seems.
Anyways Enjoy :)
$SBUX STARBUCKS COFFEE ADDICTION HAS SET IN ***GET OUT*** Starbucks has been on a outrageous growth strategy for several years but just how many Starbucks do you need on the one street?. The coffer market has become over saturated with large franchises dominating the market, in many towns and cities there is a movement towards more sustainable business practices and supporting "indigenous businesses". The stock has broken from long term channel and we believe is completing the 5th wave of the super cycle. Any pullback should result in a considerable gains for a short position. We sit on the sidelines waiting for indicators and price to turn more bearish for entry point.
Shorting Starbucks sharesOn the daily chart of SBUX, the price has formed a Two Peaks sell signal. According to my Elliott wave structure, the price has finished the 5th wave and now I expect the instrument to start the ABC zigzag, which is my profit zone. SL, TP and entry levels are marked on the chart.