Starbucks (SBUX)SBUX offers a pretty nice risk/reward. As long as SBUX stays above, let's call it, $100, then we think its going up towards $130.
SBUX trade ideas
SBUX Making Higher Low's, Possible Breakout With MomoSbux recently announced good news from opening more stores, good sales on ice coffees and more. That catalyst pumped it to new ATH's and it's found new support at $100 phsych level. After some consolidation it's created a new support at the $107 mark and is set to go for a new ATH if momo continues. Possible catalyst academia season back in session should help with Q1 numbers if vaccine rollout get's better and schools announce on site requirement for students.
Alert set at 107.75
Entry over 108.10 at 15m candle close
Breakout Target 110.00
SBUX to 110under 100 would invalidate this idea looking for a break above 103 and hold above that for an entry.
Safe play: 105C for 1/15 has the best liquidity for otm contracts nothing for 1/8 is appealing to me
Lotto/ day trade: 12/31 105C .13 (highest oi contract for otm weeklies) all weeklies for this have low volume
SBUX Ready To PopSBUX has done well holding support at the 8 EMA consistently since mid November. Lower trend line still intact, price appears to be compressed into the apex of the triangle. Love the volume spikes with the spinning top on Friday. This is a tug o' war with buyers and sellers.
Odds are in buyers favor due to uptrend. Options market leans to the call side as 1/15/21 $105c shows more significant volume/OI. Eyes on this one!!!
Let me know your thoughts!!!
The Window is Still OpenWe could not manage to close the window opened last Thursday. I suppose the next attempt to be an upward one.
SBUX Looks like a near-term top here back down to $100Not advice, just my opinion. Back down to $100 to the 8day MA. SBUX
NASDAQ:SBUX
SBUX Short (Possible Bearish Butterfly Formation)Price of Starbucks has reached an interesting point and there is a chance for a bearish butterfly pattern.
If the price starts falling, it might go down all the way to $50 (with some other take profit points on the way).
However, if the price goes over $110 in the next few days, butterfly formation is negated and you should not short sell it.
The Butterfly pattern was detected with my "Harmonic Scanner".
SBUX Ascending triangle breakout. PT 105.55AscendingTriangle breakout on SBUX
Multiple PT increases
Investor Sam day on Dec 9
New ATH
I expect a run into next week
STARBUCKS $SBUX - investment idea 💡 This entry and SL is based on my technical analysis only.
Do your research and trade on your own risk!
SBUX Possible Short IncomingHello Traders!
I see a possible short coming for SBUX as I will watch what it does at this critical level.
There is a Gap below I am looking at for a possible TP.
Reversal Signals:
Approaching Overbought on RSI for: Daily/Weekly TF
Divergence on RSI
I will be patient before making any type of move. I have a long term bullish outlook so I like to confluence on the Fibonnaci levels.
SBUX Bullish I entered this trade on OCT 20th buying 4 calls at a $90 strike expiring on January 15th. this trade looked appealing because of the ascending triangle pattern displayed. I held my position though market volatility during election week. I was strongly believed in Starbuck due to their rapid recovery from march lows as well as the positive earnings report they recently reported. I still believe the stock has a positive momentum behind it.
SBUX Long1) BO resistance
2) Volume buying coming in
3) Histo bright green
4) MACD golden cross
5) Histo bright green
6) BO flag ABC
SBUX Micro Wave 3 Coming SoonSBUX confirms breakout above 91.40, supply zone break on volume - nice bull count so far. This is the third try at supply zone within the last few weeks, and if we reject somehow, i'm loading calls
This trend line could mean big upside in SBUXWith a potential Joe Biden victory on the horizon, we start looking into stocks that could potentially great benefit from the Democrat's election. One of the biggest winners in this category are the China consumer plays. Starbucks is in that basket of stocks, which could spell out a potential for a long play/investment. On the technical front, we have the stock currently trading at an important trend line level, dating back roughly 15 years and capturing some big reactions in the stock's history and currently acting as support. Additionally, the technicals have shown a golden cross crossover of the short term and long term moving averages in recent weeks with a momentum crossover on the monthly chart.
Grab a latte with some short money $SBUXThe first stock I ever bought lol!
This will moon if it passes the thick upper blue trendline, but it looks like it's broken out of it's current bullish channel, so expect targets of 82.14 before bouncing back. If it doesn't bounce back, next targets would be 71.43, 61.31
SBUXBased on my analysis:
1. Yesterday, SBUX break trendline with high volume.
2. Stochastic indicates SBUX will going down.
3. I expect SBUX will reach 84.70 USD.
Syeikh Hafiz
