SBUX trade ideas
SBUX analysisI do not normally trade SBUX but someone wanted me to take a look at it. I am a bit bearish on the stock. it stopped making new ath and is starting to make higher lows. possibly entering a short position if it stays below 112 with a short term PT at 104.
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 $SBUX after a Negative Under reaction following its earnings release placing the stock in drift D
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SBUX back to ATH?$SBUX 4HR Chart
Overall Trending in a nice channel up and sitting near the bottom of the channel, watching for a breakout of the recent downtrend (orange line).
Starbucks trading in an upwards channelTrading in an upward channel. Expecting it to bounce back down upon touching the top on the channel. Coincidentally, this ticker is also at its all time high.
Possible short entry right here, but do your own due diligence and stick to a stop loss.
*I personally do not like to short stocks, but I will keep a lookout on this ticker and wait for it to touch the bottom of the channel before entering a long position.
Beware of voulme dropping$SBUX is hitting the resistance of the upside of ascending triangle.
We can clearly see the volume is getting lower which means it has a higher possibility that it might fail to have a breakout.
Fundamentally speaking $SBUX is a seasonal stock.
It might have a pullback while summer is arriving.
For self-education use only. Not financial advice.
SBUX Analysis $SBUX | #Analysis | #StockMarket
Price Target 120.41 🎯
3 Bar Play ✅
Increasing Volume/Momentum ✅
Flagging on Lower Timeframes with Bump & Run Reversal ✅
Entry on Break of 113.18 with Confirmation ✅
Invalidated below 111.97 ❌
Do not spill your coffeeTry not to spill your coffee with this news for Wednesday, April 7th.
We should see SBUX drop to a minimum of $112 a share.
Indicators:
MACD- Weakening bullish divergence
Signals:
Guth 3x confirm sell signal
D+ sell signal
Divergence:
High levels of bearish divergence and lowering bullish volume
Blue Arrow: Sell signal
Orange Arrow: Price attempted to hit $114 a share but failed and is floating high above the support level as indicated by the teal Kurutoga cloud.
Green horizontal line: If price reaches or falls below green line, big profits will be made.
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Long | SBUXNASDAQ:SBUX
Possible Scenario: LONG
Evidence: Price Action
This is my idea and could be wrong 100%,
TP ~ 110
CALLS for 21 May Strike 110$
Starbucks Starbucks is a solid company. They had a nice quarter as of late as well.
Recent News:
1.Cold coffee is on the rise and ready-to-drink (RTD) coffee is a significant category, yet 72 percent of households1 have never tried a RTD coffee product. Starbucks newest RTD innovation, Starbucks® Cold & Crafted, was developed to appeal to this very customer with their preferences at the core.
2. Borrow a cup program:
- Order your beverage in a reusable cup and pay a $1 deposit.
- Return the cup and receive a $1 credit and 10 Bonus Stars.
- Each cup is professionally cleaned and sanitized.
3. Starbucks offers Aira, creating accessible experience for blind and low vision customer. Through a smartphone app, San Diego-based Aira Tech Corp connects people who are blind and low-vision to highly trained, remotely-located visual interpreters to provide instant access to visual information.
*Not Financial Advice
What do you think?
Like Follow Agree Disagree?
(I dont think this will be a long fall. You can also just wait for a dip and ride it back up.)
SBUX Channel BounceSBUX is a retail play that is gaining strength - liking this play in the coming few weeks after saw this recent channel bounce. Eyeing the 108 level for a break out, 110 calls for next month are a relatively cheap play with great R:R.
Starbucks movement is greatStarbucks chart is like from education material. Higher highs and higher lows in the last month. Still a very good long position.
