SBUB34 trade ideas
Starbucks passed its all times high, what next?Potential gain:15-20%
Reward/Risk:3-4
Timeframe: 1-2 months
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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.
$SBUXTriple Top, looking bearish with the rest of the market.
THIS IS NOT FINANCIAL ADVICE AND IS POSTED FOR MY RECORD.
Long on a bull flagThe stock has reported good earnings, price entered a bull-flag price action, and entered the area of potential demand. Enter with a stop below the accumulation area. Play for a reversal to 106, 108 and ATHs.
Selling SBUXI have entered a sell on Starbucks -Remember this is not financial advice, if you’re not sure if an investment is right for you, you should always seek professional advice. All investments can rise and fall in value so you could get back less than you invest. Past performance isn’t a guide to the future.
SBUX breaking bull flagLooks good for a move up.
Disclaimer: I got SBUX 10/16 90c at 1.92 (current price: 1.48)
Flag Pattern on SBUX Let's wait for the breakout Today, we will share a clear trading situation we are observing on SBUX.
Main items to pay attention to:
a) Ascending channel: key structure of the bullish movement
b) Support Resistance Area: The price is above this level showing strength on the bullish view
c) Flag Pattern: Continuation structure supported on the Ascending trendline + Support zone
How to execute a setup?
We will open positions above "B," and we will aim for a final target on the 2nd fibo extension. We will protect our setup on the first fibo extension. Stop below "C". We expect a 30 days resolution if the price executes our order. Cancel if the price goes below the stop level.
Thanks for reading!
SBUX headed for 104-106 this week :) simple and sweet, Starbucks is ready to run. Looking like it is going to hit 104-106 this week before culling some profits. Trade well and hope you hold some.
💡$SBUX ☕more upside brewing?💰+14%🏌️♂️📖Starbucks has doubled the amount of its stores worldwide between 2010 and 2020, a CAGR of near 7%. The company is almost ubiquitous around the globe with more than 18,000 stores in the U.S. and 14,000 in the rest of the world. Euromonitor expects the addressable market for coffee to grow at a rate of 5% to 6% per year, hitting $450 billion of revenue globally by 2023. This anticipated rise in coffee consumption is a tailwind for Starbucks and will provide it with opportunities to increase its market share. Starbucks plans to grow to 55,000 stores across 100 markets by fiscal year 2030. Starbucks median price forecast by analyst is $112, which is +13% at the time of writing.
📈 Some more long term price action I want to talk about first; looking at the Fib extensions using June 2018 lows and July 2019 highs, price has recently failed to break the -0.13 Fib extension at $106 on 4th Jan 2021. When price fails to close above the -0.13 Fib extension, this signifies price is exhausted and will often retrace. Price is down 8% since failing to break the -0.13 Fib extension. This swing may see price retest that level and close above it. Price has recently closed above some resistance turned support. It has also bounced off the support line of the bullish price channel. It has also completed a 0.5 Fib retracement form its Oct swing low and Dec swing high, this area is marked by the blue rectangle. There is also some hidden continuation divergence in the RSI, with the price making higher lows, but the RSI making lower lows. Price looks primed to move higher, towards the top of the price channel.
🔎This is not financial advice. Always do your own research and due diligence. Always wait for directional confirmation before entering a trade.
Starbucks MT (January 28th 2021)Starbucks (SBUX) (January 28th 2021 through July 2021)
Low: $90
High: $111-$115
I think if Starbucks can hold a decent support, could maybe see new highs by summer so long as the general market rush isn't over just yet. I had a feeling 2020 Q4 report would be just under analyst expectations but am finally just getting to posting this chart. Will try to watch and update in the future.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
