SBUB34 trade ideas
SBUX Intraday trade idea 09282020After a SPY 1% gap up, Sbux is opening above previous range and also above daily 21 EMA for that reason if we hold 84,3, it would be a good set up to look for longs and 86 would be a good target to take out.
Starbucks Swing Starbucks sitting at my support zone at 83 could see a drop down to 73 if we break below 79. theres a gap down at 79.15 that we could fill within these next few weeks or we could just keep pushing during winter. With winter coming up i see SBUX going up to 95 by December. SBUX has been bullish during the past winter seasons and we could see the same for this year. Pumpkin spice lattes and more coming soon!
Starbucks Mark UpI'll say that from a higher viewpoint I'm noticing that there's some nice potential profit margin underneath Starbuck's current price action.
Besides the barrier at the low end of the curve, that $40 level looks promising IF there's a B.A.R. of the $50 price point, but I'm bullish once there's a B.A.R. of the $99. We shall see..
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xbus analisis de Ondatrader desarrollo para 1 mes verla de confirmacion en soporte importante para una entrada en espera
Starbucks is still very much bullish, possibly.Sbux, as you can see is still in a very bullish price action range. It has fell to a critical level in my opinion, it has to hold this range and move upwards, that would signify some good strength towards the next resistance and support zones. We could see a run up until earnings. This upcoming week will be critical to determine if the trend is changing.
Golden Cross Incoming!This chart shows a 50/200 simple moving average golden cross is imminent. To me that's confirmation when it crosses because the exponential moving average already shows the cross. Niiiiice entry!
Bull flag formingLooking to enter a trade in $SBUX following a bull flag formation.
Waiting for:
- confirmation of price above trend line at $86,
- increase in volume,
- MACD and STOCK giving stronger signal
If trade is entered, will set stop loss below support around 84.15.
Taking profit around 90.30, 93.5$ and 99$ depending on price movement.
Time frame of the trade 4-8 weeks.
**** This is NOT a financial advice, but only my opinion. Please do your own due diligence before investing. ****
SBUX wave 5 incoming?Nice harmonic to get this thing going. super strong impulse wave 3. wave 4 consolidating nicely down to 38.2 before some up action if overall market lets it happen.
starbucks 9/8/20Lord of the Rings? place price targets expect to get rejected above and catch support below.
STARBUCKS CORP Option Hello traders, STARBUCKS CORP is in a fake bearish push with strong sell volume at the end of the session and on the TIMEFRAME DAILY. We watch a large volume of sales then see the TIMEFRAME 1 Min the refusal of the sellers. On a bullish volume that drops to the next bearish low point for a reversal. High potential to breakout the stabilization zone to go to the last precedent higher in another zone. If the buyers are really back, we can reach the next high, which corresponds to the top of the stabilization zone.
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a breakout is comingyellow arrow - may breakout from where it stopped
white arrow - may retest support then breakout from the support
Starbucks pull back before completing trend channel?Starbucks could be heading to the top of the channel but the speed/momentum at which it is doing so looks like due for a correction. Currently the price point looks to be at 1.618 of wave 1 which is an ideal resistance point for some correction. But, if it were to continue its momentum which is likely then the purple box is the next target point which is both a fib resistance and 2.0 fib extension. I think that SBUX will continue up to the purple box before any correction.
RSI: is overbought on the higher daily & 4hr time frames
EMA's: SBUX has gone pure vertical leaving all EMA's in the dust as well as bollinger-bands. These combined with the RSI lead me to believe there is a correction in store before the next run up.
News: There is no substantial news that I could find that would explain the crazy momentum.
Follow the $: overall the options trading volume is substantially in the bullish direction. looking at the charts this makes sense.the september 18th call expirations look to have almost 7x more capital in them than the puts.
Plays: I would look into $85 or $87 puts if the underlying continues with this momentum to purple box to play the correction. overall I am bullish on starbucks and will be following charts for long term bullish moves. Thanks!
SBUX micro wave 3 completeLooking for an ABC correction into demand at 82 to set up a long entry. Short term trade.
