SBUX Update(bullish)I am pretty bullish on SBUX and its for notable reasons. A while back I was watching this stock and saw the first indication of bullishness via the Weis Wave, which indicated less interest on the short side of SBUX. We then started seeing reduced selling momentum which also indicates bullishness. Using VWAP, we can see that we are seeing bullish money pour in while having a VWAP resistance lay at 118.69. I believe we will overcome this resistance due to the bullish signals given by the squeeze indicator and the Willy oscillator. Due to the given signals, I think we will see a decent sized bull run.
Bullish Signals
-Weis Wave
-Squeeze indicator
-Willy Oscillator
-Short term VWAP
-Close above Fibonacci Support
SBUX trade ideas
ABC BullishPossible stop under C.
The target is D. ABCD is a common corrective/pullback pattern. Targets are calculated using the AB leg and projected from C. C is not always C and any pattern can fail.
Long term, yet a bit bumpy, uptrend noted on 20 year monthly timeframe.
No recommendation.
Short percentage is very low and negative volume is very high. I have a sticky note stop (mental stop with a sticky note reminder) just under 112. Earnings are not super close by so this type of stop works for me on this one. Mr. Market is known to go stop hunting sometimes and this looks like it will reach targets 1, for now.
Buy The Dip(SBUX)I have done further analysis on SBUX and why I like this stock on another one of my ideas so I think this is a great buy the dip opportunity. We are seeing a decrease in selling momentum, Willy buy signal, and the daily weis wave dictates little bearish interest on this stock. I like this stock but one thing we do need is for the Williams %R oscillator to signal another crossover for greater confirmation. Watch out for an increase in selling momentum, but for the time being I am holding this stock. I am personally watching the 120 zone for price targets, but it is always best to exit trades when you are given the signal to do so.
▼My Other Analysis ▼
MARKET ALPHA - UNUSUAL OPTION ACTIVITYI am going to post some more ideas from our unusual options screener.
After seeing some of the plays uncovered here I think it would be awesome if more people could benefit from charts and ideas like this one.
For this post we are looking at Starbucks. We are seeing increasing call activity come in on the October 1st Contract at the 125 strike. Let's see how it plays out! Thanks for tradingview for allowing the feature where we can easily track the progress of ideas.
NASDAQ:SBUX
slow mover/choppy ticker here, be careful I wouldn't be surprised if we saw a slow bleed to 110 support.. SBUX is usually a slow mover and doesn't see big green or red days most days... on watch for put scalps. potential dip entry after we hit our support area. target 116-118 after dip entry. geoduck !
▼Notable Bull Signal▼In the short term SBUX looks like there is still room for a dip, but greater time frames provide that of bullishness. On the 4h and 15min it can be observed that we are getting bearish momentum, while the daily shows a reduction in selling momentum. One notable bull signal that is given by the daily and the weekly is the Weis Wave. The selling volume has been steadily decreasing, indicating we may see more up-side.
▼ Daily Bull Signals ▼
Squeeze Indicator
Cycle Willy
Weise Wave
▼ Weekly Bull Signal ▼
Weis Wave
Safe Call? In my opinion, this is the safest call to make based on some of the greatest software out there.
Buy signal initiated by Divergence+ created by @marketscripters an insanely accurate script that gives buy and sell signal based on divergence & RSI
Not only is there a bright green buy signal but Elliot Wave analysis shows a second wave growing ( also created by @marketscripters )
We have two different scripts showing the same upward trend! That is amazing! Not only that though, we also have the MACD showing strong growing bullish divergence.
We are also about to break through resistance based on the Kurotoga Cloud
If this level of resistance is broken I can easily see SBUX hitting $119 a share by the end of the week.
This one is exclusively for my followers! No tags! Like this analysis if you are feeling the bullish momentum!