SBUX trade ideas
SBUX is in consolidation stageIf the price remain at the top of 20MA for this coming trading days and break the Darvas box rally will continue.
sbux play 78-85 in 2 months or less. Should see 85 as we go back to work, and drive through stay packed. We are now going back into take outs and some dine ins. If they aquire the BYND deal that will raise average price totals and increase the value of the company 15%. 85 strikes for 2-6 weeks out.
BULLS NEEDS SOME COFFEE TIME With the reopening news, SBUX has a great opportunity to recover from the coronavirus cliff fall. Support $70.6 and resistant $78.1 is a huge consolidating area and had been tested a few times. The current news more likely will push this stock towards the uptrend. RSI looks good (never overbought since the drop back in March) and the TTM squeeze is in the transition to the uptrend momentum. Confirmation is to break $79.9 and the target is $82 next week.
SBUX move upAwaiting MACD and MA Cross. With loosened social restrictions should help SBUX. Entry $78 T1-$84.90 T2- $89.22
Short starbucks around 75charts look bearish and consumer business is highly impacted and recovery is slow.
SBUX - Speculative pullbackThis is intraday idea. According to the key level theory, fast move to the resistance line would have pullback of 50%. Hence there is a chance to make a penny.
Starbucks Battling its 200d Moving Average- Starbucks fell this quarter on a negative earning surprise - a business which was hit by the Coronavirus.
- Technically it's recovered quite well from its lows and is set to battle its 200d MA. Its failed once already and is now bouncing off its warning line.
- We would be buyers at the below demand zone around $66 - otherwise a breakout from its 200d MA would present an breakout buy point. We expect the stocks to falter at the above supply zone - but Starbucks is a great long term business and could be a great asset to add to your portfolio.
SBUX - Bullish with a caveatSBUX looks great here, fibs on two timeframes showing a big break up looking to occur. Big problem that you notice is many lower highs and lower lows (BA, SBUX, etc.). I believe SBUX looks to move upward, has had solid volume and project Make America Open Again will bring in some newspiece to have ears perk up. Be careful though, lower highs and lower lows makes it look not so great.
SBUX - 30min TTM Squeezesaw ttm squeeze on 30 min and got in on second bar , trading above ema8 , see if this trend holds into tomorrow
Starbucks - Go long for a long term investmentThere is not a real signal of uptrend/downtrend.
Just based on Fundamental Analysis and for a long term investment seem a good idea to go long.
Starbucks INC will GO LONG NOW ! when Starbucks INC will hitt the resistance it will GO LONG until the Support above and may past the support ..
Star Bucks Wil GO SHORT NOW !Star Bucks Jut hitted the Suport Above and Wil GO SHORT NOW Until the Resistance below!
