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4SBUX trade ideas

SBUX 4H Chart Analysis We at A&T Corp. try to combine the current market fundamentals with daily technical indicators and project our technical charts for direction as shown above and described below: Just like most of the other stocks in the market, this downtrend is still on-going and now we are seeing the last bit of the Elliot wave which is taking the stock back to its previous support levels. The key point here is that the previous bottom might be breached to find and establish a new support level as most of the developed world is still reeling with the Corona-virus. Note: Remember a break-out towards the top of the triangle (current resistance) may still trigger a buying frenzy. Keep shorting the 4H charts until it reaches previous levels of $50 to $51.0. Stop-limit shorts to clear break-out line from the top. Please feel free to like, share, and comment below to let us know about your thoughts, opinions, and/or questions. Best of Luck!
NASDAQ:SBUXShort
by AT_Holding_Inc
SBUX FURTHER DOWNSIDE EXPECTED IN APRIL AND BEYOND. AS THE MARKET BEGINS TO TURN, A PROPER RETRACE OF PRICE IS ACHIEVED AT THE 50% FIB LEVEL. A, B ,C FORMED AND CURRENT NEW ELLIOT 5 WAVE ABOUT TO FORM WITH TARGET AT 38.2% EXTENSION OR FURTHER. GREAT RETRACE TO FIB LEVEL 50% LAST WEEK FOR AN EXCELLENT BULL TRAP. THIS IS FURTHER COUPLED WITH USA LOCKDOWN WHICH ACCOUNT FOR 65% OF THEIR STORES. DEBATABLE IF ANY FLOW OF BUSINESS ACTUALLY HAPPENING IN CHINA EVEN THOUGH "95% OF STORES OPEN". POOR GUIDANCE FOR REST OF YEAR ON APRIL (IF THEY GIVE ANY) WILL DRIVE STOCK FURTHER DOWN.
NASDAQ:SBUXShort
by byzantine82
STARBUCKS (SBUX) | Buy when there's blood in the streets IVHi, Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in three segments: Americas; International; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, and iced tea; and various food products, such as pastries, breakfast sandwiches, and lunch items. Starbucks, well-known coffee "producer", has started to approach a pretty significant support level. It consists of clean price action levels and in technical analysis clean = strong! Many big companies have found resistance in the first attempt to break above the psychological number of $100 and many of them has found a new support level around 60. Hopefully, Starbucks is not an exception, luckily we have really great support waiting for us which allows jumping into another potential wave upwards! "Buy when there's blood in the streets, even if the blood is your own." - technical analysis is perfect for that kind of market situation. Technical analysis gives you just a little bit more a sense of security: you had a plan, you have waited for some certain price levels, you have a long-term perspective about the company and you have done everything correctly to buy it - after that, your decision is on the hands of the market. Technical analysis criteria are pointed $55 - $65: 1) 2015 and 2017 resistance levels become support. 2) Clean trendline and the support level make up a crossing area, a good sign! 3) Fibonacci retracement 38% 4) Fibo Extension 200% 5) Monthly Exponential Moving Average 100 (EMA100) adding strength to the marked area. As said, do your own fundamental research and if this matching with my technical analysis viewpoints then you are ready to go! If it doesn't match then...skip it!! Good luck, Vaido
NASDAQ:SBUXLong
by VaidoVeek