SBUX trade ideas
RBB to be formed in SBUXSBUX was one of the better performers in the overall market. The long term trend is positive and the short term trend is neutral. On a yearly perfomance, it beat 71% of 57 stocks in the eating and drinking industry.
On the daily basis chart, we are starting to see a rounded bottom pattern to be formed recently. Basically, with a rounded bottom, the pattern is formed when stock falls to find a bottom then trades in a tight range, and the price starts to turn higher. Now, this is where you need to pay attention if you are looking to use this pattern.
Based on the Fib Retracement I draw from the chart, there is a resistant line at 87.54 that signals a interim pullbakcs may occur. And there is also a support line below the current price that also overlaped with the red uptrending line and middle band of Bollinger which I think could be a decent entry to go long for SBUX, a stop order could be placed below this zone.
Besides the ATR indicator indicates the volatility of SBUX has been compressed lately showing a diminishing on the risk, and uptrending directional index(+DI) keeps on strenthening its momentum to the upward. On the sector side, SBUX related consumer staples is rising but not on high optimism over past few trading session also gives a plus to SBUX.
Update from last weekPosted this last week, looking to enter calls over trendline, should breakout this week
STARBUCKS COULD HIT 80Starbucks broke the hight, is making a correction and has a 90% chance of hitting 80, sooner of later
Becky Is Back -- SBUX ST DEC 6 gambleMeet some half strangers at a round table for coffee over the holidays. The people from high school who you are trying to avoid but cant seem to miss when you return home.. Where to meet? SBUX.
They announced some Irish cream drink today; makes your mouth water saying it... too bad I dont buy the overpriced drinks myself!
I took a weekly neutral/bullish position on SBUX via a put credit spread at the 84.5 and 84 strikes for a credit of .2 for the DEC 6 Strike
PoP was .6636 Kelly says max weighting of 15%
I used a weighting of 5%
GL HF
xoxo
snoop
SBUX - Can we push upwards?This is just a potential outlook. We'll be waiting for price to approach resistance #1
If price can break through resistance #1 , we'll enter buy positions to targets at resistance #2 . If price can further break resistance #2 and turn that into new support, there is a good chance that we can see SBUX continuing upwards to its previous highs.
SBUXSystem T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets.
* Click Like and Follow to Support My Work!
---
Hi Traders,
I'd like to introduce the System T, a computerized trading system that analyzed and backtested the 20 years history data of over 100 markets.
This post is my sharing of how I think about systematic trading and the signals generated by the System T.
(This is my opinion only, NOT the financial advice.)
I think that for the system to open a trade and manage risk, it only needs a buy signal & a stop-loss signal clearly on the chart.
Once the system finds a good trend, it will ride it as long as possible. The stop-loss will be adjusted accordingly to the new price movement.
(Remember to follow this trade idea and follow my profile to get updates about the stop-loss adjustment and sell signal based on the latest price and market conditions daily.)
System T performances above will give you an idea of how it performs in the last 20 years.
Notice that this result was achieved only if I strictly followed the rule: "Only and Always Buy & Sell based on the System Signals".
Don't sell when there is no sell signal as we all want to follow the good trends til the end like everything in life does. \(^-^)/
Also, my system is extremely diversified through over 100 markets so that it only risks less than -1% of the total capital per trade.
Thank you and good luck!
---
DISCLAIMER:
I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument.
My views are general in nature and I am not giving financial advice. You should not take my opinion as financial advice. This is my opinion only.
Do your own due diligence, and take 100% responsibility for your financial decisions.
Trading and investing are risky! Don't invest money you can't afford to lose, because many traders and investors lose money. There are no guarantees or certainties in trading.
- Content is for education purposes only, not investment advice.
- Trading involves a high degree of risk.
- We’re not investment or trading advisers.
- Nothing we say is a recommendation to buy or sell anything.
- There are no guarantees or certainties in trading.
- Many traders lose money. Don’t trade with money you can’t afford to lose.
Harmonic gartley pattern SBUX (STARBUCKS) 1dNASDAQ:SBUX
Harmonic chart patterns were developed by H. M. Gartley in 1932 and published in his book, Profits in the Stock Market. The Gartley pattern, or Gartley 222 pattern, is one of the most popular harmonic patterns to predict a continuation of a prevailing trend. While it’s similar to the AB=CD pattern, the Gartley pattern contains one more leg.
Target is 103
Stops below 90
Like if you like and leave a comment below with your ideas regarding the trade
thank you
follow me for more free advanced technical analysis
SBUX back to ATH--Taking this GIFT!I little riskier since still under the 50sma and inside the cloud, however the risk reward is worth it! LONG!!!!
