SBUX swing tradeSBUX is coming up to horizontal and trend line support at around 115. Look for a bounce and a long trade.
SBUX trade ideas
Sunday Prep 8/08 - $SBUX LONGYes, Starbucks made the list again. Womp womp womp. there’s actually two ideas. Here one is a swing trade and there’s also a way I would day-trade this. The swing trade is illustrated by the red and green shaded long scenario that you see on the chart. Make sure you’re comfortable with this being something that could take weeks to months to play out, but I don’t see a problem with this name getting back to its all-time highs and the risk is so tight here it’s impossible for me to pass it up. As for the day trade, I would be willing to buy opening flushes down into the 118 area or if it breaks over 119.50 I would be looking to join the trend.
$SBUXwaiting for curl then push want to se level break with support test (lower timeframe) then join in as long as buying pressure/momemntum up
SBUX: Cup & Handle is ready to go!Starbucks is going to hit 135 soon. Are you ready?
Everything about the cup and handle pattern checks out. You can also see three white soldiers candle stick pattern.
Educational points:
A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.
A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long.
Technical traders using this indicator should place a stop buy order slightly above the upper trendline of the handle part of the pattern.
$SBUX weekly lottoalmost identical to MCD. 3 targets 119.5 120.5 and 122
119 call expiring tomorrow .40 saw under .20 today
Starbucks Pulls BackRestaurant stocks had a big surge last month thanks to Chipotle Mexican Grill ’s monster quarter. Starbucks went along for the ride and has now pulled back.
The main thing on today’s chart is SBUX’s gentle retest of $118. That was an old high from April. Traders may now watch for it to become support, especially with the coffee chain having exited a 3-4 month basing pattern.
Some of the price action suggests it may be stabilizing. Notice the widening candles on August 2 and 3, followed by an inside candle yesterday. Another smaller candle is trying to form today.
If the current level fails, investors may next look to the 50-day simple moving average (SMA) less than $3 lower.
The fundamental story is also strong, with earnings, revenue and guidance all beating on July 27.
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$SBUX with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $SUX after a Negative Under reaction following its earnings release placing the stock in drift D
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SBUX to drop some before rising againI expect SBUX to fall back to the old resistance level to now act as a support. If these levels don't hold I would think the trend line would hold, if neither of these levels serve as a reversal point. A bearish run is likely to happen.
Starbucks Gap with Inverted HammerAfter exceeding market expectations in terms of earnings, NASDAQ:SBUX made a downtrend gap. Probably those with filled pockets made a happy exit. (take profit)
But, an Inverted Hammer Doji pattern closed the day.
Looking at the general uptrend of this stock my guess is that it shall bounce back into positive domains.
Sunday Prep 7/25 - $SBUX Move seems overdoneThis thing has REALLY ran since we first pointed it out for the possible long setup. But it’s now getting to the point where the move seems overdone. As always, my opinion doesn’t mean SHIT! But I WILL be prepared to fade this if it starts to have some lower highs set in and gives me somewhere to have defined risk. Best case scenario is another day up extension to get it that even more extreme look. 130s would be AWESOME! But I’ll take what the market gives me.
$SBUX - Starbucks - Morning cocaine thesis07/22
$SBUX - Starbucks - Morning cocaine thesis
Current price: $125.97
MC: 148.73B
Float: 1.18B
$SBUX sitting at an all time high having shot up $10.00 (9.5%) in the last 4 days.
Its sitting just below the 1.618 FIB ($126.40) and floating on a weak volume profile.
With earnings coming up on July 27 and dividennds on August 11, I charted two possible SHORT scenarios.
1. PA consolidates near the 1.618 FIB and SD+1 then drops below the SD-1 giving back the 9.5% accumulated
in the last 4 days, half the move from the previous low at the SD-1 at $111.66 and returning PA to the ledge of the volume profile.
2. PA continues to SD+2 ($131.00ish) then gives back half the move to SD-1 ($123.32)
PROS:
RSI is above 70 in overbought range and PA is lingering with a weak volume profile.
CONS:
The 9,20 & 50 EMA's are facing up and the MACD is above signal line and also facing upwards with the a dark green bar on the histogram.
SBUX the gift that keeps on givingEearnongs on the 27th. Bought 3 $126 calls for 8-6. I’ll sell two the day before earnings and let the last one ride. Ez $$ here. Fast food earnings is being rewarded massively all across the board
profit taking aheadrolled out of a call spread just now, rolling into puts here for a quick trade down, want it to touch 3x on this trend or overshoot before pulling the trigger.
She's hot, but on a month vista this move is egregious.
SBUX to continue higher?As of now SBUX has broken out its 52 week high price 118.73 and may continue to trade higher if price can maintain above. The base formation of 9 weeks is quite tight at less than 9%, giving an indicator of a high tight flag pattern, with flagpole of 66% from base. Monitor for next pullback/move.
STARBUCKS CORPORATION (SBUX) NASDAQ - Target ReachedTF: D
1. MACD Lines - Entering Bottom
2. KC - Price Drop Below Lower Line
3. MACD Histogram - Bear Losing Power
4. Pullback
5. Impulse System - Green or Hollow
6. HH - ATH
$SBUX Chart IdeaI charted this halfway through the day, but it looks like a possible start to the C&H formation.
$SBUX Possible pump Monday $SBUX
-Another easy play here watch for previous resistance break which will lead us to approach ATH
-ATH breaks always go big
-beware of possible rejection we can pull back down to the 9-day
-wait for an entry and analyze price action as market opens
