Starbucks strong after lockdown?Starbucks is in a strong upward move since start of february, looking forward for a end of lockdown and better sales.
Chart looks good, so I try a small trade for it
SBUB34 trade ideas
ascending triangle broke resistance and retesting
this stock can preform very well
volume on the break as well
SBUX false breakout SBUX just did a false breakout previous support level is my next target level of the daily trendline
Starbucks passed its all times high, what next?Potential gain:15-20%
Reward/Risk:3-4
Timeframe: 1-2 months
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
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Moshkelgosha
$SBUXBENEFITED FROM THE ROTATION OF MONEY BACK INTO THE TRAVEL AND OPENING THESIS.
STOCK IS PUSHING ALL TIME HIGHS AND IS HEADED INTO THE BLUE.
EARNINGS IS STILL A FEW WEEKS AWAY AND PRICE ACTION MAY PULL BACK A LITTLE AND CONSOLIDATE PRIOR TO EARNINGS. LOOKING FOR A PULLBACK PRIOR TO EARNINGS.
THIS IS NOT FINANCIAL ADVICE AND IS POSTED FOR MY RECORD.
SubxSince 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee .
Based on 24 analysts offering 12 month price targets for Starbucks in the last 3 months. The average price target is $113.11 with a high forecast of $125.00 and a low forecast of $100.00. The average price target represents a 4.70% increase from the last price of $108.03.
StarbucksWait for break signal. Buy above 108 with TP 115-116 or sell under 100 with TP1 96 and TP2 90 . Check break points
Starbucks SBUX at SupportGreen areas mark the points used to draw the support area. Orange ascending trend line would be the 2nd point of entry which isn't too far from the horizontal support level.
NASDAQ: SBUX 23 FEB 2021, ALL TIME HIGH, DONT PUSH YOUR LUCKin this all time high condition, i dont want to push my luck.
short when it's down to 99.70
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
$SBUXTriple Top, looking bearish with the rest of the market.
THIS IS NOT FINANCIAL ADVICE AND IS POSTED FOR MY RECORD.
Long on a bull flagThe stock has reported good earnings, price entered a bull-flag price action, and entered the area of potential demand. Enter with a stop below the accumulation area. Play for a reversal to 106, 108 and ATHs.
Selling SBUXI have entered a sell on Starbucks -Remember this is not financial advice, if you’re not sure if an investment is right for you, you should always seek professional advice. All investments can rise and fall in value so you could get back less than you invest. Past performance isn’t a guide to the future.
SBUX breaking bull flagLooks good for a move up.
Disclaimer: I got SBUX 10/16 90c at 1.92 (current price: 1.48)
