SBUX trade ideas
SBUX Losing Steam? Bill Ackman Selling on liability?SBUX forming lower high - double top. Its looking like the last leg up to ~$100 was the blow off top of an amazing run. Part of the 81% 2019 increase was due to their China success and growth; Coronavirus continuing to spread into different countries closing stores.
STBKS 1D SHORT break M200we can see that the downtrend broke the mm200 and is going to look the support.
I will open Short if the next candle open under the red candle.
Starbucks Short - CoronavirusWith reports of the coronavirus in full force within China and the boarders shut down. This might be the perfect time to short Starbucks. Starbucks now has about 12.75% of all store location in China and reports have stated that all locations have been shut down.
No reports have been made about the duration of the shut down, but this will have a significant effect on Starbucks Q1 2020 financials. Star sucks earnings already missed in Q4 2019 without this added on.
Putting my TA hat on. The first potential support zone is about 4% of a draw down and then another 6%. I’m waiting for the triangle set-up to break before shorting.
SBUX BAD COFFEE BUT MIGHT BE BULLISHI am a coffee addict and i hate bad coffee, and #starbucks is one of the worst imo, but chart is pretty bullish, so im looking around for call options.
Tried to show my projection on chart
ALWAYS waiting for SETUP's not only price
My target is 110 usd
I'll update if the setup is ready
$SBUX Earnings Reaction Lines Up Buy-the-Dip PotentialSBUX out with earnings after the close... company hit hard by Wuhan Flu with a bunch of stores shutting down. But we are in a raging bull market and this pullback is likely some form of buying opp. The earnings pullback will hit the 200-day MA in the $86.50 area. Maybe a bit of an overshoot here, but it gets juicy after that.
SBUX - Gameplanafter a nice move yesterday following an upgrade by jpm SBUX looks good to attack the highs again
background: stock trended higher for a year until august 19. since then price had a correction bottoming at around 80$.
price created a nice round bottom and now breaking to the upside on good news and market momentum.
game plan
buying on a break above yesterday highs 88.9
adding if retest 88.7
stop at close below 83.8
or
buying on support of 86.7
adding at 83.8
stop at close below 80.65
selling into resistance levels
target at 96.75
Coffe down the drainBroke out of muliti year resistance in Jan19 and went on a parabolic uptrend, it has broken out of its pattern and retested the trendline and now almost perfectly retraced back to the 0.618 Fib.We see on a daily a Bearish Engulfing and Money Flow divergence.
Most significat Support is former multi year resistance which is also where the Weekly 200 MA is located at 64$
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SBUX gets to double top close or at $100I think SBUX is going to climb up with this market to test that double top...its close enough and it wont be stopped.
SBUX - ROUNDING BOTTTOM / CUP AND HANDLE?CAREFUL WITH THE SHOOTING STAR - MIGHT RETRACE BACK TO THE SUPPORT BEFORE FLY AGAIN
SBUXIm tryin to make star bucks $$
The TA for this i ended up deleting and just posted the entry and targets.
Pinbar/Doji retracementPinbar/Doji off of Fibonacci level and previous resistance turned support. Waiting for price action and volume. Setting entry at a break of previous day's high. Pinbar/doji didn't break previous price levels which can be an indication that it may not reverse, though
Sbux LongAccording to Bloomberg, The Fed Is Entrenched in the Repo Market.
"Since the rate on overnight repo spiked to 10% on Sept. 17 from around 2%, the central bank has been conducting overnight and term repo operations to help rebuild banking reserves, adding $237 billion of liquidity. It’s also prepared to inject up to $490 billion around Dec. 31."
Since, the market is held up by the fed, I looked around for some safe stocks to go long on and Sbux seems like a good safe bet.
if we get a pullback to $88 today, i would get an entry and see if we could potentially reclaim ATH at $99.72 in the next two weeks.
especially since majority of the white girl index is hitting All Time Highs, Why can't Starbucks?
Stoploss around $86
Take profit $91
max target 99
Starbucks longafter a short a nice short.
wil give a nice uptrend.
biggest starbucks in the world has opened, time after you see that
the trend changed.
safe all.
Staubucks support and resistance support and resistance. the chart speaks more.
let me know what you think.
SBUX Bull Within Bull Discount Valuation Play$SBUX has seriously been lagging the end of 2019 rip across major market indexes that saw $AAPL rip bear's faces clean off & blow right through a $1 Trillion valuation by over 25% in just a few months can you say insane...The farther Mega caps like $AAPL & $MSFT push higher the more of a discount there is in a global discretionary like $SBUX.
We have a very clear bull flag formed on lower resolutions that should price clear through the bull trigger we should see it push rapidly toward the downtrend angle then shockwave B4 we see it have a real chance to play catch up on the broader market & move toward Target 1. Once there we should see price stall in another shockwave before gathering more steam for a follow through push higher to target 2 where another stall & shockwave is likely.
