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STARBUCKS CORP

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SBUX trade ideas

STARBUCKS CORP Option Hello traders, STARBUCKS CORP is in a fake bearish push with strong sell volume at the end of the session and on the TIMEFRAME DAILY. We watch a large volume of sales then see the TIMEFRAME 1 Min the refusal of the sellers. On a bullish volume that drops to the next bearish low point for a reversal. High potential to breakout the stabilization zone to go to the last precedent higher in another zone. If the buyers are really back, we can reach the next high, which corresponds to the top of the stabilization zone. Please LIKE & FOLLOW, thank you!
NASDAQ:SBUXShort
by stephanelibatd
Starbucks pull back before completing trend channel?Starbucks could be heading to the top of the channel but the speed/momentum at which it is doing so looks like due for a correction. Currently the price point looks to be at 1.618 of wave 1 which is an ideal resistance point for some correction. But, if it were to continue its momentum which is likely then the purple box is the next target point which is both a fib resistance and 2.0 fib extension. I think that SBUX will continue up to the purple box before any correction. RSI: is overbought on the higher daily & 4hr time frames EMA's: SBUX has gone pure vertical leaving all EMA's in the dust as well as bollinger-bands. These combined with the RSI lead me to believe there is a correction in store before the next run up. News: There is no substantial news that I could find that would explain the crazy momentum. Follow the $: overall the options trading volume is substantially in the bullish direction. looking at the charts this makes sense.the september 18th call expirations look to have almost 7x more capital in them than the puts. Plays: I would look into $85 or $87 puts if the underlying continues with this momentum to purple box to play the correction. overall I am bullish on starbucks and will be following charts for long term bullish moves. Thanks!
NASDAQ:SBUXLong
by DOpeTrades
Starbucks to test highs of the year!Starbucks is the 5th largest company in the consumer discretionary sector by market cap. Having said that, it has largely missed out on the outperformance of the sector vs the S&P 500 during this rally and is trading significantly below the prior highs of the year. Starbucks flagged a “Go” on August 10th and the trend has remained intact. Recently, we saw a low risk entry point as the GoNoGo Oscillator rallied off zero. On Friday, price broke above a recent high, setting the stage for a test of the pre coronavirus highs. If price consolidates above 84, then it is realistic to look for the coffee giant to brew up a rally which would test the highs around 94, and in doing so catch up with the rest of the consumer discretionary sector.
NASDAQ:SBUXLong
by GoNoGoCharts
1
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