SBUX trade ideas
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!
Starbucks long after earningsNow that earnings beat expectations, Starbucks has shown a turn toward recovery. It could be a long time before new highs are made, but here's a projection for modest gains over the next 7 months.
$SBUX Starbucks Spikes Post Earnings
Potential trade on break above 200ma and Downtrend resistance.
Earnings reaction very positive and may bring some investors
back into the stock tomorrow.
Potential targets as per Resistance levels on chart
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SBUX - STARBUCKS07/17/2020 $SBUX
Sentiment Algo uses 'advanced big data analytics'. This stock has potential for a significant increase in volatility . This is not a buy/sell signal
SBUX WAITING TO OPEN SHORT , TARGET $60SBUX waiting to open Short if falling to $70 will successfully confirm the "SHS" down pattern.
SBUX sell : $70
SBUX target : $61 +-1
Stop loss : $75.60
Wish you good deals !
SBUX Head & Shoulder ReversalNice looking head and shoulder top on NASDAQ:SBUX pattern has a price target just below $62 but there is enough support around that level to make it a good target on the downside. Notice how both shoulders are forming below the 200 day moving average adding to the bearish chart pattern.
SBUX Expecting to loose 70sSitting at a critical level. Not expecting it to hold. loose 70s looking to add a decent position for 3rd and 4th quarters. Around .5 fib area if where im looking to accumulate.
sbux in trading rangetrade in within the trading range, waiting for reversal candlestick pattern at support with golden cross of stochastic
No more pumpkin spice for $SBUX?SBUX might run out of steam soon. Pumpkin spice lattes and egg bites can only carry you for so long in this economy.
SBUX Long, EMA144 as support in UptrendThis is My Study script:
Buy in long term uptrend (Weekly and Daily).
Last week, Price Gap up above the side way consolidation
Today, price re-test EMA144.
Buy above EMA144 below: 79
Stop: 75
Target: 92 : Risk:Reward= 1:3
I am not a professional trader. I need few months to plan trade and trade plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
SBUX loses 3Billion in revenueIm thinking we might see SBUX down to the 72$ again.
Thaughts on the news, short tearm might give good chance to buy into the stock if you belive it has an after corona-market.
Dreaming about sbux hitting the 50s.
