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SBUX trade ideas

Starbucks (SBUX) - Hangs Around 21 EMAAs you all know, I regularly post pullback trade ideas as stocks pullback to their 21 day EMA. Today, I am looking at Starbucks NASDAQ:SBUX . What's different about this pullback is that Starbucks usually doesnt hang out at the 21 for more than a day or two. However, its been 4 days... so I wonder if the powers that be are on to us! ... just kidding. But in all seriousness, I like this chart. I think that it really shows that support at the 21 EMA is being tested hard and should SBUX close the day out above the 21 EMA or even the 8 EMA on the daily chart (putting it in the Green), then I think next week we could see SBUX go even higher.
NASDAQ:SBUXLong
by UnknownUnicorn6775423
Starbucks - Room For GrowthStarbucks has recently announce its earnings and management are optimistic that Q3 / Q4 Earnings will improve further as economies around the World start to open up. Also the lines has been trending on the a strong resistance point multiple times. 29 Jul Fed will be announcing with regards to the 1 Trillion funding which is dovish in sentiments (once you jump start your car, you can stop it half way if not its futile!) Also, most economies would not be able to afford a 2nd lockdown. Management also have changes concepts of accommodating to selling their products and change of work hour timings to accommodate growth. Long Position for the the following. Long Target Price 30 Oct - $114 - 18+% upside Low Target Price 30 Oct - $67 - 9% downside What Do You Think? Feel free to comment and debate!
NASDAQ:SBUXLong
by Furball_Machines