SBUX trade ideas
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
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 ! :)
Traditional|SBUX|Long and shortLong and short SBUX
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone.
Working out the support and resistance levels of the consolidation zone.
* Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author.
+ ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
The breakdown of the upper blue zone - long.
Breakdown of the lower blue zone - short.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Blue zones - activation zones.
Green zone - take zone.
Red zone - stop zone.
Orange arrows indicate the direction of the take.
Red arrows indicate the direction of the stop.
Priority - The value of the priority parameter implies the author's subjective opinion about the more likely activation zone on this idea, this does not mean that this idea will be 80% activated by this parameter, the purpose of the parameter is to provide for the risk of the inverse of the zone parameter.
Example: "Priority Long: So the author inclines more in the direction of the activation zone open long trades, in this case, when reaching the activation zone in short you should be very careful, because this area may be highly likely to be punched about the breakdown/do not get to take/activate transaction from go to stop."
Please consider this parameter if you use my ideas.
SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take.
P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
$SBUX with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $SBUX after a Negative Under reaction following its earnings release placing the stock in drift D
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