SBUX trade ideas
Very "old" trend-line in Starbucks - **IT WORKS**Good morning traders,
Starbucks NASDAQ:SBUX hit a very strong Trend-line. We connected two points that are several years away and it's really interesting because it really stopped the market!
This analysis contains not only a description of the current situation but is also partly EDUCATIONAL.
The video content is as follows:
1. Market Profile (PinBar)
2. Volume Profile
3. Value Area
4. Trend-lines
5. Gaps
6. Zone trading
We combine these points to create the whole picture.
In the future, we plan to set up an alert manager for this type of trades so we can share it faster.
Have good trading,
FINEIGHT team
CRAZY ACTION IN THE MARKET! WHICH WAY DOES SBUX GO??? My previous chart showed a false breakout downward and an advance upward. Is the upward breakout false too? We definitely have to remain flexible for any possibilities.
First setup a possible A.B.C.D.E Elliott pattern correction AND a possible head and shoulders formation on the hourly chart with a neck line around $61
I've labelled two possible scenario's
1) hits neck and moves upward and continues breakout in a bullish pattern. Or breaks out of A.B.C.D.E pattern upward.
2) breaks neck and heads down to Fib retracement around $45-$55 level. Breaks A.B.C.D.E pattern downward.
Only time will tell. Have to remain open to all possible outcomes. I'm neutral on this one.
These charts are using Heikin on the hourly.
STARBUCKS TO CONTINUE FALL PRICE TARGET $40 Good day all,
As I posted earlier there has been a nice Elliott pattern forming with the last leg developing.
Further to this, a triangle pattern has emerged and has broken out with a gap downwards on daily. Generally speaking, the target distance is the widest part of the triangle which lands just around the $40 mark. Further confirmation to this is the retracement to the Fib level of 50% from it's low of $50. We should expect the stock to trace down to at least the first level of the Fib extension which ALSO is around $40.
Fundamentally speaking, traffic is down now in UK, Canada, USA to drive-thru or full closure which compromise the majority of its revenue. They have guaranteed wages to staff into May whether they show up or not which in turn will MAINTAIN expenses. Starbucks realizes this and this is why it has decided to continue buybacks of 40M + additional 16M of its stock while other companies have suspended this. This is purely intended to juice its EPS come the next two quarters in hopes to 'manufacture' a better number. Expect retail investors to jump on only to be followed eventually with a downturn again.
Let me know what you think and if you see the opposite forming!
Cheers.
SBux LongI am still long on this hoping to see $80 break, but i think what will happen first is a retest of the trendline and the fibbonaci levels. Everything is aligning perfectly.... dont believe me just look at my previous ideas and you will see. SBUX is a cash cow. Alright thats it for now i suppose.
SBUX 4H Chart Analysis We at A&T Corp. try to combine the current market fundamentals with daily technical indicators and project our technical charts for direction as shown above and described below:
Just like most of the other stocks in the market, this downtrend is still on-going and now we are seeing the last bit of the Elliot wave which is taking the stock back to its previous support levels. The key point here is that the previous bottom might be breached to find and establish a new support level as most of the developed world is still reeling with the Corona-virus.
Note: Remember a break-out towards the top of the triangle (current resistance) may still trigger a buying frenzy.
Keep shorting the 4H charts until it reaches previous levels of $50 to $51.0. Stop-limit shorts to clear break-out line from the top.
Please feel free to like, share, and comment below to let us know about your thoughts, opinions, and/or questions.
Best of Luck!
Long SBUx at the retracementNever really use these harmonic patterns, but it just looks to fit this chart perfectly im going to double down a long at around 60-64.... maybe even lower if i can. I have a put so if it goes lower i make money regardless. Using responsible risk to reward. I think longterm starbucks cannot die so i will double down a longterm contract option at the second highlighted region
SBUX FURTHER DOWNSIDE EXPECTED IN APRIL AND BEYOND.
AS THE MARKET BEGINS TO TURN, A PROPER RETRACE OF PRICE IS ACHIEVED AT THE 50% FIB LEVEL. A, B ,C FORMED AND CURRENT NEW ELLIOT 5 WAVE ABOUT TO FORM WITH TARGET AT 38.2% EXTENSION OR FURTHER. GREAT RETRACE TO FIB LEVEL 50% LAST WEEK FOR AN EXCELLENT BULL TRAP.
THIS IS FURTHER COUPLED WITH USA LOCKDOWN WHICH ACCOUNT FOR 65% OF THEIR STORES. DEBATABLE IF ANY FLOW OF BUSINESS ACTUALLY HAPPENING IN CHINA EVEN THOUGH "95% OF STORES OPEN". POOR GUIDANCE FOR REST OF YEAR ON APRIL (IF THEY GIVE ANY) WILL DRIVE STOCK FURTHER DOWN.
SBUX comes with further discount next weekNASDAQ:SBUX revenue is definitely getting a big cut due to low opening store count in US.
Sbux long term LONGseeing that no one has the idea, is kind of driving me crazy. but SBUX looks to be at a 50% discount and the purple little box is where i am knife catching, but its alright because i am in a longterm contract that expires in a year. I think with FED injecting $ into the markets then everything should be fine
SBUX - Short LATTE MACCHIATO Possible opportunity in SELL LIMIT :
It could either mean that the stock is in a lasting downtrend or just oversold and therefore bound to retrace
Looking for constructive criticismThis is my first chart trying to analyze support and resistance. I'm new to day trading so please share whatever techniques you use when studying a stock. Thanks in advance.
Bryan
Saham syarikat SBUXSBUX adalah kod bagi syarikat Starbucks Corp yang diperbuat dari segi sektor pengguna. Mengikut pemerhatian gelombang sahlun tentang saham ini adalah downtrend@bearish dengan penurunan sebanyak 33.52% dalam tempoh 3 bulan lepas. Dari segi Syariah, saham ini adalah Syariah yang diragui atas sebab-sebab tertentu
Starbucks, ShortThe morning star formation last Friday may be short-lived once the rebound hit the 61.8% retracement which confluent with the supply level.
STARBUCKS (SBUX) | Buy when there's blood in the streets IVHi,
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in three segments: Americas; International; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, and iced tea; and various food products, such as pastries, breakfast sandwiches, and lunch items.
Starbucks, well-known coffee "producer", has started to approach a pretty significant support level. It consists of clean price action levels and in technical analysis clean = strong!
Many big companies have found resistance in the first attempt to break above the psychological number of $100 and many of them has found a new support level around 60. Hopefully, Starbucks is not an exception, luckily we have really great support waiting for us which allows jumping into another potential wave upwards!
"Buy when there's blood in the streets, even if the blood is your own." - technical analysis is perfect for that kind of market situation. Technical analysis gives you just a little bit more a sense of security: you had a plan, you have waited for some certain price levels, you have a long-term perspective about the company and you have done everything correctly to buy it - after that, your decision is on the hands of the market.
Technical analysis criteria are pointed $55 - $65:
1) 2015 and 2017 resistance levels become support.
2) Clean trendline and the support level make up a crossing area, a good sign!
3) Fibonacci retracement 38%
4) Fibo Extension 200%
5) Monthly Exponential Moving Average 100 (EMA100) adding strength to the marked area.
As said, do your own fundamental research and if this matching with my technical analysis viewpoints then you are ready to go! If it doesn't match then...skip it!!
Good luck,
Vaido
