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.
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SBUX trade ideas
Bull Flag Earnings 1-26 AMCRisky to trade before earnings but it is waving a flag (o:
Looks like they hit and they miss so not a sure thing. Plus we never know how the market will respond. They can miss and go up anyway, or beat and still go down..
NV and OBV are both high/short interest on the low side.
Break-away gap noted under price...this type of gap is least likely to fill in the short term but can provide support..
Prior V Bottom, C&H and an ABC bullish pattern..
Not a recommendation..
The market may remain irration as long as we are solvent. Most likely Mr Market will become rational when we are no longer solvent.
$SBUX with a neutral outlook following its earning release The PEAD projected a Neutral outlook for $SBUX after a negative under reaction following its earning release placing the stock in Drift D
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Starbucks earnings today at 4:05pmStarbucks earnings are today at 4:05pm. My range is low $99, mid $103, high $107.
1st Quarter December 2020
Consensus =
EPS: $0.55
Revenue: $6.88 Billion
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SBUX ER run up! New ATH coming?Peppermint mochas out of season? oh well Starbucks released 5 new drinks to start off 2021! Now with earnings coming up we could see a nice rally. Sitting at the bottom of my channel here, could see a nice bounce near 101 and break of the recent downtrend line to retest ath, break over 107 I can see 110. Trading plan annotated in the chart!
Starbucks bearish swing to $79One of the limits for the year has been triggered by this stock so I am short the stock. I typically close stocks based on weekly close so a weekly close above $106.41 is my reason to close and potentially switch sides. This trade will be held for weeks once it goes into profit.
I got filled at 103.23 with a SL of $108 with a target of $79
This is for entertainment purposes only.
Trading come with risk and you should consult a financial advisor for financial advice.
Starbux, everyone's favorite bean juice/drugJust broke out of weekly resistance. Last time this happened, it went 4x (where we are rn). If no lose high 80's prob gonna keep going.
Green areas are targets. Timing? I have no idea but unless people stop drinking coffee, im pretty sure your grandkids gonna be glad you bought.
SBUX Making Higher Low's, Possible Breakout With MomoSbux recently announced good news from opening more stores, good sales on ice coffees and more. That catalyst pumped it to new ATH's and it's found new support at $100 phsych level. After some consolidation it's created a new support at the $107 mark and is set to go for a new ATH if momo continues. Possible catalyst academia season back in session should help with Q1 numbers if vaccine rollout get's better and schools announce on site requirement for students.
Alert set at 107.75
Entry over 108.10 at 15m candle close
Breakout Target 110.00
SBUX to 110under 100 would invalidate this idea looking for a break above 103 and hold above that for an entry.
Safe play: 105C for 1/15 has the best liquidity for otm contracts nothing for 1/8 is appealing to me
Lotto/ day trade: 12/31 105C .13 (highest oi contract for otm weeklies) all weeklies for this have low volume
SBUX Ready To PopSBUX has done well holding support at the 8 EMA consistently since mid November. Lower trend line still intact, price appears to be compressed into the apex of the triangle. Love the volume spikes with the spinning top on Friday. This is a tug o' war with buyers and sellers.
Odds are in buyers favor due to uptrend. Options market leans to the call side as 1/15/21 $105c shows more significant volume/OI. Eyes on this one!!!
Let me know your thoughts!!!