SBUX trade ideas
SBUX new ATHSBUX finally broke through previous few days resistance to form a new ATH today. This push was mainly due to a positive earnings reaction. On a day the rest of the market was choppy, this positive upswing bears well for future increase.
SBUX SBUX rising wedge on the daily combined with the 61.8% extension level, and a bearish doji on the daily.
SBUX Test of Neck Line, Then Below??Looking to see if SBUX can hold the next line of $68.90. If stock falls through neckline, look for stock to fall to resistance of around $66.
Shorting Starbucks sharesOn the daily chart of SBUX, the price has formed a Two Peaks sell signal. According to my Elliott wave structure, the price has finished the 5th wave and now I expect the instrument to start the ABC zigzag, which is my profit zone. SL, TP and entry levels are marked on the chart.
SBUX- Drop downSBUX Support and resistance line (blue) has held for a long time. But RSI is high and we are looking at a possible H&S situation. Based on the top and neck line target should be around $67.75
DYOR- running this one for fun after my last misread on SBUX in the beginning of Feb.
SBUX distributionMulti-Year Wyckoff Distribution
Weekly Bollinger Band M Top within Macro upthrust after distribution (UTAD)
SMI Divergence
Volume Increasing within the trading range (Trait of Distribution)
SBUX - Head & Shoulder pattern on 1HPatiently wait for a break of the neck line.
that would be decreasing your risk significantly
SBUX - ShortSBUX - Short - Watch price action or breach of previous high. $69
SL move $71 vs. Chart
Target - Fill Gap Below near 59.95
Presidential CoffeeHoward Schultz, the billionaire founder of Starbucks has been in the news lately, as he flirts with the idea of running for President in 2020. With that being said, the Megalodon is giving us buy signal on the technical side!
The Megalodon indicator uses an artificial intelligence, combined with data from over 500 buy setups, and over 2000 indicators to produce extremely accurate buy signals on any and all asset classes! Send me a message if you would like to try it for yourself!
Starbucks Puts - Bearish Signs Daily chart printed a gravestone today, zooming in a bit to the 4H and you can see some bear div, potential rising wedge and bearish candle sticks.
SBUX structure chart.friend asked me to have a look at star bucks given a bunch of news and events that are floating around over the next quarter. I probably wont trade this as equities arent my thing but here are some thoughts based on structure.
SBUX Possible shortPossible resistance from June 5th of 2017 on a gap up turned red, getting rejected again on wicks in November 8th and 9th of 2018, and currently around where the wick of 2/8/2019 has hit and been pushed back. More recent moves on the angle on the triangle with some rejected lows. RSI close to overbought, MACD looks ripe for a turn to the down side, Stochastic has been all over the place, but looking like a possible down turn as well, just a wait and see how low it will go.
-Stochastic is at about 93-94. Considered overbought. With how close it is to hitting 100 a down turn could lead to a drop below 80.
-RSI is going to need a break soon before it can move further up.
-Unless something changes and there's a huge move, we can expect the MACD to cross over with some lower days ahead.
SBUX - Easiest Short of 2019SBUX is the easiest short of 2019. Currently sitting at ATH in a bear market.
Bearish divergence all over the place and a double top on the RSI is signaling a significant decline.
2/15 69 puts at .58 per contract
PT: .83
SBUX - Starbucks. Possible Short Setup.Possible short setup on SBUX, looking entry between 786-886 (highlighted in orange) or 1 line.
Don't forget to check the weekly Maxx Momentum to see if we have bearish divergence coupled with loss of momentum.
If SBUX breaks the white trend I have on the chart I believe that the targets levels I have are more likely to get tested.
Maxx <3
Q1 2019 Earnings Report: Starbucks (SBUX)Investors of Starbucks Corporation (SBUX) are a happy bunch with such a healthy uptrend ever since its IPO. We are due for the Q1 2019 Earnings Report this Friday (SGT). A good support level to be looking for a long trade $64 with an immediate target at $68. However, a price below $61.60 can see price retest the next support zone at $58.50 which coincide with the 200D MA.
Good luck in your trading journey!
Best Regards,
Nour Capital - Tracking Smart Money Flow
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Starbucks still up Fundamental ; Starbucks Corp rose by 4 percent globally during the Q4, exceeding forecast revenue of 2.8 percent, with China and US as its top markets.
