Starbucks Puts - Bearish Signs Daily chart printed a gravestone today, zooming in a bit to the 4H and you can see some bear div, potential rising wedge and bearish candle sticks.
SBUX trade ideas
SBUX structure chart.friend asked me to have a look at star bucks given a bunch of news and events that are floating around over the next quarter. I probably wont trade this as equities arent my thing but here are some thoughts based on structure.
SBUX Possible shortPossible resistance from June 5th of 2017 on a gap up turned red, getting rejected again on wicks in November 8th and 9th of 2018, and currently around where the wick of 2/8/2019 has hit and been pushed back. More recent moves on the angle on the triangle with some rejected lows. RSI close to overbought, MACD looks ripe for a turn to the down side, Stochastic has been all over the place, but looking like a possible down turn as well, just a wait and see how low it will go.
-Stochastic is at about 93-94. Considered overbought. With how close it is to hitting 100 a down turn could lead to a drop below 80.
-RSI is going to need a break soon before it can move further up.
-Unless something changes and there's a huge move, we can expect the MACD to cross over with some lower days ahead.
SBUX - Easiest Short of 2019SBUX is the easiest short of 2019. Currently sitting at ATH in a bear market.
Bearish divergence all over the place and a double top on the RSI is signaling a significant decline.
2/15 69 puts at .58 per contract
PT: .83
SBUX - Starbucks. Possible Short Setup.Possible short setup on SBUX, looking entry between 786-886 (highlighted in orange) or 1 line.
Don't forget to check the weekly Maxx Momentum to see if we have bearish divergence coupled with loss of momentum.
If SBUX breaks the white trend I have on the chart I believe that the targets levels I have are more likely to get tested.
Maxx <3
Q1 2019 Earnings Report: Starbucks (SBUX)Investors of Starbucks Corporation (SBUX) are a happy bunch with such a healthy uptrend ever since its IPO. We are due for the Q1 2019 Earnings Report this Friday (SGT). A good support level to be looking for a long trade $64 with an immediate target at $68. However, a price below $61.60 can see price retest the next support zone at $58.50 which coincide with the 200D MA.
Good luck in your trading journey!
Best Regards,
Nour Capital - Tracking Smart Money Flow
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Starbucks still up Fundamental ; Starbucks Corp rose by 4 percent globally during the Q4, exceeding forecast revenue of 2.8 percent, with China and US as its top markets.
$sbux two fake breakout, target 61 then 58 then 54If $sbux cannot please the street. it is a short to 58 54 and even lower
SBUX!broadeding wedge formation
if we break below my green trendline , im going short targeting a big drop
in case we breakout up will flip long !
interesting on short , also noticie bear divis !
SBUX BOLD CALL - COFFEE IS FUTUREstarbux attractive risk reward
secret sauce
sbux can explode to 90-as high as 106
$sbux faith is pendingIt is either going to 78+ or 38 in 2019. It is building a diamond top or consolidationi here...we shall find out in 6 months.
$SBUX may get a test of its breakout support around 58 again Idealy for long entry would be the test at breakout support around 58 again. Meanwhile I would sit on the sideline until the ER release.
12 Years of BearFlix- Expanding symmetrical into a Fifth-wave Truncception.
- Hence, simple Bull exhaustion, instead of a climax for this bubble to bleed out over the next 12 years.
Fundamentals:
Streaming services as a concept are great; however, Netflix itself has grown corrupted by the poisoned fruits of Cultural Marxism.
- First and foremost, the firing of Kevin Spacey
- Collaborating with far left, ''explanatory news'', media Vox.
- An utterly annoying progressive bias when it comes to comedians.
- Shows in Finish, German, Spanish, and Turkish without proper voice sync, all in the name of diversity.
- Supergirl?
- Choosing actors based on diversity rather than competence.
- Deplatforming of anything deemed patriarchal by 15-year-olds.
- Brainwashing those same (our) children with unscientific, ideology driven documentaries such as ''Explained'', and ''What the Health''
- Total content deprivation
- Zero profit orientation, stock prices will take care of that.. right?
- Remaking stories with cultural value, and deep meaning, to have neither.
- I want in on the Dip
SBUX: mid term bear market preparationThis stable movement should continue. Their sheer size should be able to sustain but I doubt growth will be possible, as the consumer will do less during times of tighter budgeting (again assuming 8 - 14 months of overall bearish movement) .
Stable above 42.07 as the lowest point I expect should / could test inside the next 10 months, below this point would be very bad for the chart and could stunt it's 5 - 10 year development without a catalyst.
I am more confident with this above 57.6
