Starbucks...so much coffeeNASDAQ:SBUX
Looking to long here...
ER this week
Stop on weekly close below 84
Weekly target is top of the descend TL
Things to note: coffee prices are going up, might affect margins
SRB trade ideas
SBUX Starbucks Corporation Options Ahead of EarningsIf you haven`t bought the dip on SBUX:
Then analyzing the options chain and the chart patterns of SBUX Starbucks Corporation prior to the earnings report this week,
I would consider purchasing the 90usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $3.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Starbucks: Ready for the descent? 🧗🏽♀️The Starbucks share price has fallen again in recent weeks and has now approached the important support level of $89.28. Primarily, we expect the turquoise-colored wave B to continue its corrective rise before starting its final descent to the green target zone between $86.38 and $68.39. Alternatively, however, it could already be working on this descent should it slide directly below support (40% likely).
Big Price Jump Expected For Tuesday A big price jump is expected Tuesday for SBUX. Based on candlestick analysis you can see at the bottom of the chart the first dashed line which is support. The green line above that is resistance which SBUX broke through today. The third green line at the 92.78 price line is the next level of resistance which SBUX has to go through in order to break out. We already had a break out today as labeled since we broke through that second line. We can expect a sharp jump in price within the first few hours of trading before it comes back down. It a second breakout does occur it will likely stay on track with the elliot wave which is a surge to $94 before the end of the week. We should expect pull back as indicated in red. The green lines that are vertical predictions while the horizontal lines are trend lines. MACD and RSI also show room to run further. Please comment your thoughts below. Follow if you like what you see!
SBUX To Test 3rd Level Of Resistance Possible Break Out?Starbucks continue to break through resistance. I was told it would not go up today by a user and they were incorrect. We had a nice 1% gain today and I am expecting SBUX due to rise again tomorrow based on the candlestick trend breaking through resistance 2. It will have no choice but to go up and test resistance 2. Even if resistance 2 isn't broken it will at least be tried. MACD is still in our favor while the triple confirm is out of our favor but I have never relied on that unless I am timing my buy ins on the minute chart. Hit play on my previous SBUX publication to see my accuracy. I am looking forward to more gains tomorrow.
Looking long on SBUX.Thank you as always for watching my video! Please feel free to like, share and comment on this video.
SBUX Sitting Above SupportStarbucks is sitting above support and could break out to resistance 1 or resistance 2 on Monday 3.11.24. MACD proves growing bullish divergence while divergence+ shows bullish divergence as well. The Kurotoga cloud shows the downward trend based on resistance but current resistance is weak and the current candles are starting to break through. I predict a 1-2% price increase on SBUX monday 3.11. Comment below your thoughts. Will SBUX break out? Or will it follow its downward trend?
Starbuck-->> Bulls back in charge<<-- Time to buy!NASDAQ:SBUX
Analysis is based on simplified Smart Money Trading Concepts.
Starbucks analysis was performed on both the Weekly Time Frame and then dialed down to the Daily.
The Weekly TF has had a change of swing structure from bearish to bullish (noted by the line with "W-x"). Then we had a pull back into the current discount zone and on the daily time frame changed from Bearish order flow to Bullish order flow.
Demand is stepping into the picture and we should see Starbucks price hit $107.66 hit within the next 40-60 days.
Trade Idea Point of Invalidation: Any break AND below above $89.09
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Reward to Risk ratios could vary between 3:1 up to greater than 15:1 depending on the instrument you are trading and the level that you enter in at.
The round trip time from entry to exit is between 40 days - 3 months.
If you are Long the Underlying stock :
4 positions or one large entry between the 62%% pullback($96.22) and the 79% pullback($93.08) would be ideal.
Exits:
1st = $107.66
2nd = $112.64
3rd = $119.10
4th = $126.11
**Split your positions between the 2 suggested exits**
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If you are trading stock options:
NO less than a 3 month expiration! This is to be able to capture the majority of the upward move.
Suggestion:
17th May $105 Call
or
17th May $100 Call
Exits:
Underlying stock price
1st = $107.66
2nd = $112.64
3rd = $119.10
4th = $126.11
If you need an options calculator, I suggest using: www.optionsprofitcalculator.com
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If you are interested in a FREE course on how I analyze the markets, let me know in the comments.
THERE IS NO CHARGE FOR AWESOMENESS
SBUX is looking bearish! 🩸perfect rejection from multiple SMA resistance/lower highs and still being held below strong trend resistance..
the volume also looks like its only sellers! break of 88.97 sends us to 71-82, we may start to bottom out around there..
break of 104.88 and we get bullish, but my bias tells me the short trigger is coming soon. lets see.. boost and follow for more! ❤️🔥
side note: I am drinking a Starbucks while i chart this morning, xD
starbuckBest buy after it takes liquidity. There is a fibo level and low volume zone to fill.
I m not sure if this strange a popular company can go so low, but if goes, fib 1.5 is really good level to buy it.
SBUX Waiting to ShortSBUX looks like it's getting heavy up here. I'm looking to short the break of the uptrend. It's currently at a 2.02% dividend which isn't great right now. I don't like trying to pick tops, but always seem to give it a go. So here's one for everyone to see. Ridicule me if you like.
SBUX Starbucks Corporation Options Ahead of EarningsIf you haven`t bought the dip on SBUX:
Then analyzing the options chain and the chart patterns of SBUX Starbucks Corporation prior to the earnings report this week,
I would consider purchasing the 96usd strike price Calls with
an expiration date of 2024-2-2,
for a premium of approximately $1.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
SBUX - Becky gonna make some bucks for us !SBUX - Added a starter long here, Risk to reward seems better here.
Stop Loss - 85
Target #1 - 100 Phsyc number
Target #2 - 120
Target #3 - 130 , after a pullback to 110's
SBUX Potential Buy setupReasons for bullish bias:
- Price broke Last LH
- Bounce from strong support
Entry Level(CMP): 96.17
Stop Loss Level: 90.95
Take Profit Level 1: 101.39
Take Profit Level 2: 106.61
SBUX sitting on a key support going into Earnings ReportSBUX is sitting on a key support going into Earnings.
Confluence of two high timeframe fibs that are proven.
What happens at this zone could start a trending wave.
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Starbucks to 98 Plus After Earnings !!Financial Performance: In 2023, Starbucks’s revenue was $35.98 billion, an increase of 11.55% compared to the previous year’s $32.25 billion. Earnings were $4.12 billion, an increase of 25.69%2.
Analyst Forecast: According to 21 analysts, the average rating for SBUX stock is “Buy.” The 12-month stock price forecast is $114.35, which is an increase of 23.22% from the latest price2.
Dividend Yield: Starbucks has a dividend yield of 2.4569%1, which could be attractive to income-focused investors.
Growth Estimates: The growth estimate for the next 5 years (per annum) is 16.63%3
TP 98
$SBUX earnings play ( BULLISH )Starbucks ( NASDAQ:SBUX ) has printed a bullish divergence on the 1D timeframe.
This occurs when the price action lows create lower lows, while the RSI lows simultaneously create higher lows.
What this shows is that strength is increasing as price drops. Usually indicative of a sharp impending rally and most reliable at the bottom of a move.
NASDAQ:SBUX has been in a free fall, dropping from a high of $107 on 11/16/23 to a low of $91 on 1/17/24
This 14.7% drop over the course of the last 2 months makes seeing this signal all the more intriguing.
Entered 3/15 NASDAQ:SBUX 95c at 2.84
Looking for a retest of 12/15/23’s highs around $99, leaving us with intrinsic value of $400 and a minimum 40% return
Earnings on 1/30
Not financial advice
SbuxSbux at support level $91-89. Waiting for the reversal to the upside or to continue the downtrend to $70
SBUX is go downSBUX is go down. because it's stock follow to Dow and Therry platten. Please becareful because Thailand DRX will comming up.
SBUX - Are there more roam to the downside?The weekly chart might lookalike a head & shoulder formation although the business fundamentals will need take a massive dip for the downside to materialize at this scale. I am personally Extremely bullish below 85.
PS- NFA. Do your own due diligence.
SBUX Q1 2024, 3D chartStarbux has been underperforming over the last few months.
After topping in March of last year, it has been dragging along it's short-term averages. Currently revisiting its Q3-Q4 2022 break out area that it successfully retested in Sept '23.
If thiat 89-92 zone doesn't hold, I could see this revisiting the long-term trend line in the low 80's. Should be interesting.
Why Starbucks is a great investment opportunityStarbucks, the renowned coffeehouse chain, has become a household name for many people across the globe. With over 30,000 stores in more than 80 countries, Starbucks has established itself as one of the leading players in the restaurant industry. Its strong financial performance and impressive growth potential have made it a hot pick for investors looking to invest in this sector. In this section, I will analyse Starbucks’ weekly timeframe by wearing the supply and demand imbalances glasses. As supply and demand traders, we do not need to understand the company’s forecasts and financial performance to analyze its growth potential. We only need to know where the imbalances in price are on a price chart.
The stock is currently trading at $96 per share. It’s very close to a strong demand imbalance sitting at $94.19. We expect the stock to rally to $104 and much higher.
Starbucks: Possible scenario The daily and weekly chart reveals an impulsive 5 waves movement, started in May 2022 and concluded exactly a year later, again in May. This annual cycle shows the first wave of a higher degree.
The ongoing corrective movement in 3 waves (zig-zag ABC) might find its conclusion in the 0.61/0.78 Fibonacci area. This would mark the end of the second wave within our major cycle, paving the way for a new bullish rally with the onset of the third wave.
