SBUX trade ideas
Can SBUX keep up with coffee demand facing shortages?SBUX 2HR TF
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ANALYSIS
Coffee is in high demand, but SBUX is facing inventory shortages (cups, syrups, oat milk) as it continues to reopen locations world-wide. SBUX is already making amends as the company is resuming it's reusable cup program and dropping its summer 2021 drink line up.... This past week SBUX showed some strength to reverse and retest ATHs, as it broke the current downtrend resistance (solid green trendline) and filled the gap at 112.54. Looking for a continuation this week with a slanted inv h&s setting up and an impulsive wave 3 forming as the breakout.
Targets: 113.70, 118.32, new highs
Key levels
Support: 112.14, 110.88, 108.90
Resistance: 113.73, 114.63, 116.12, 119
Ideas
1. Shares
2. Long (swing calls 2week+ out exp. ATM/ OTM)
SBUX breakoutTrend line breakout with bullish strength. Caution entering around this area since it's at a possible resistance level and could pullback.
SBUX Trendline Bounce + Earnings Run?SBUX looks to be continuing to respect the upwards trend that is has been on since March of 2020. Once again we are seeing it bounce off its trendline and move higher. With earnings season also approaching I think we can see SBUX bounce and continue to climb higher. I like this LONG WITH TIME ON CONTRACTS!
$ SBUX 4H Idea??? - $SBUX 4h has formed a bull flag as well as a double bottom. Watching for a breakout of the flag to enter
SBUX Breakout Soon?SBUX is looking good and ready for breakout soon. Here's a couple things we need to look at:
1. Increasing volume as well as relative volume over 1 (currently at 0.68)
2. A break through of one of our targets listed below
3. Candle close above or below trendlines
Levels I am looking at:
Calls < 113.58
Puts > 109.69
Follow these guidelines and it will print!
SBUX - Potential Breakout & LevelsSitting just under support here on SBUX wedge, looking for a move back into the trend or a breakout below.
Here are my levels for calls and puts:
Calls <114.24
Puts > 110.02
Relative Volume is @ 0.74 right now, we are looking for Rel Vol over 1.00 to confirm an entry.
keep this one on your watchlist
Long SBUX on countertrend line break and continuationweekly bouncing off prev high and 50ema
daily broke counter trend line and retested
$SBUX expansion slowing down a bitNeed some news or a fresh catalyst to get this thing going through $120s. Starbucks is a preposterously strong stock. Use appropriate size.
$SBUX Supply Shortage ShortStarbucks is going through a supply shortage which may put strain on their profits and earnings. This news may scare retail investors leading to a quick sell-off in late-june/early-july, with a quick recovery within 7-11 trading days
SBUX Long positionsubs technically looks good, Im in with stop just below the trend line.
ill Keep updating
$SBUX Trade Idea $SBUX Trade Idea
$SUX on watch for a breakout from this Pennant on the Daily. Enter Calls for a Swing on the break of $114 with good volume.
Entry: 114
Strike: 6/4 115c or 6/11 116c
@TradingView @KyleTrades86
Bias: UpOverall the price is still trading in an upward trend channel. Short term upward movement is expected.
SBUX analysisI do not normally trade SBUX but someone wanted me to take a look at it. I am a bit bearish on the stock. it stopped making new ath and is starting to make higher lows. possibly entering a short position if it stays below 112 with a short term PT at 104.
SBUX - is it time to taste some coffee?SBUX has been trading within a rising channel. With the sell down in Nasdaq it was not spared and had come down from a recent high of 119 back to test this channel support at 109.5 yesterday.
The market is very volatile now and there is a chance Nasdaq could correct further, hence a conservative entry would be to wait for price to be able to break yesterday's candle high (>112) before attempting to go Long with an initial stop loss about $1 below yesterday's candle low of 109.5
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Feel free to give me your thoughts ! :)
