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SBUX trade ideas

SBUX weekly. Its time to sellIt looks like the SBUX is one of the first stocks from S&P500 which is ready for a severe and long-term correction. I'm not sure yet, but I do not expect SBUX can form any new major high. I'm looking to open a short position if the market gives me such opportunity... P.S. Please do not be confused. This is not pure Elliott Wave Analysis. This analysis is based on my fork of Elliot theory. The simplified concept of this fork is published here: plus.google.com
NASDAQ:SBUXShort
by szozulya
SBUX daily - bounce coming or cliff drop?Last week has been rough for SBUX having dropped $7 (12%) in a matter of 6 days. Now approaching the round level of $50 and losing its bear steam, we may see a short term bounce. I've drawn a wedge down (bullish pattern) and would like to see a green day breaking this pattern before entering a short term long position with a stop below the $50 mark. Now, I'm also fully prepared to go short have this break through that $50 mark as that would be very bearish and we may see the low $40's soon after. Its a matter of waiting to see what happens. Share your thoughts down below and happy trading :)
NASDAQ:SBUX
by VaughanAdams
2
STARBUCKS - CORRECTION AHEAD? For this one it is very important to take note of that sloped yellow support line that has already held for longer than I initially thought! Only after breaking this line we can confirm a bigger correction. Starbucks has made an amazing run all the way to above the 2.618 fib extension of wave 1! It is obvious that this kind of growth is most likely not sustainable and we are in a quite overreached market still. Therefore I think we need to correct to the 0.382 fib level ($41.5) AT LEAST to remain in a healthy uptrend, much rather would I see even a 0.5 retracement ($34)! Sidenote: There are other ways to count this, which is why I was very clear about that yellow support! Stay safe! I hope this was helpful! Take care!
NASDAQ:SBUXShort
by moneyrules
Starbucks, good trading opportunity.After news release that Starbucks closes 150 coffeshops, we had 2 big selling days. Breaking through one confirmed trend line and now testing another big one from the beginning of the trend. This could be a good buying opportunity to trade a bounce with a good risk-reward ratio, stop below the 50 or 49, 1st target at the previous trend line . Alternatively a break below the 47.80 level would provide good confirmation for a short position to the next big support at 42.10, which is also the 38.2% retracement. Happy Trading!
NASDAQ:SBUX
by Antonio_trader
STARBUCKS BUY CHINA MARKET EXPANSION + IDENTIFICATION OF PROBThis is going to sound weird but I recommend buying. Starbucks closing a lot of its outlets have caused a huge drop in stocks. In all honesty, though, Starbucks has a very high chance of coming back from this, especially as they've started introducing new options and are now focused on doing better. They've identified multiple problems and are working on solving them. This really has the mark of a dedicated company and hence I'm quite confident in their future Heck, they are currently opening a new outlet in China every 14 hours!! They are also opening new outlets all over the world including Italy. Targetting the international market will undoubtedly be good for the stock. Therefore it might be smart to invest at this point due to the drop and then make a profit as the prices increase over time. Please do this at your own risk though as the price could very well drop and some people may have no confidence in Starbucks. In that case, do go ahead and short!! Again, as a complete amateur, likes/ feedback would be appreciated.
NASDAQ:SBUX
by rylest370
2
The Hot drink indicator Starbucks the leading coffee house is an great indicator to the spending patterns of people. During the 07/08 crash Starbucks Share price peaked before this. Why would that be? Its because luxury hot drinks Is one of the first items people cut back on when times are tough. I am looking at Starbucks to see if it will peak before this current bull run is over. At the moment its moving sideways and I believe it will let us know when the next bear run is on its way.
NASDAQ:SBUX
by UnknownUnicorn1116881