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Starbucks Corp (Extended Hours)

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SBUX trade ideas

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 $91 max target 99
NASDAQ:SBUXLong
by WallSt007
SBUX Bull Within Bull Discount Valuation Play$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.
NASDAQ:SBUXLong
by Kazonomics
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