$SBUX with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $SBUX after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 60%.
SBUX trade ideas
SBUX Near Crucial Levels and $117 is the Next TargetOn the daily chart, SBUX swings within the middle of an ascending wedge and tries to stabilize above the horizontal resistance area between Fibonacci level of 78.6% at $107.23 and $108.87.
While we are now waiting for SBUX to breakout above the ascending wedge, which paves the way to advance towards $117.80-120.76 as initial targets. With setting the levels of 126.32-131.24 dollars as additional targets in the case that the SBUX managed to exceed the previous targets and hold above them.
On the opposite side, if SBUX fails to hold within the rising wedge range and breaks down, we may witness a return towards the previous swing area near the level of $103.89 and also near the EMA-50. If SBUX also breaches these lines, we may witness a further decline towards the levels of $98.93-96.17 as next bearish targets.
SBUX - Bearish Divergence - Short OpportunitySBUX seems to be showing a bearish divergence with the price action and RSI.
If you can look at the chart, see how the Price action is creating Higher Highs, and RSI indicator is creating Lower Highs. That is a bearish indicator.
Obviously, we do not want to make our decision just by using one indicator.
We also see a rising wedge (in yellow) which we can use to mark our entries. As drawn on the chart, if the price breaks and closes below the rising wedge, we can enter PUTS and ride it until after earnings.
The trade will get invalidated if the price breaks and closes above the bigger rising wedge (blue) , or (109.76) which we can use as a Stop-Loss.
I've also marked some key support levels on the downside which you can use to plan your exits.
TRADE:
Option 1: (ITM) $110 Puts Expiring 3/17/2023 (around $530 per contract)
Option 2: (OTM) $95 Puts Expiring 3/17/2023 (around $100 per contract)
Stop-Loss: Price closes above 109.76
Risk: HIGH . (This can easily backfire and run up with the earnings FUD and depending on the result.) But I'll stick to my strategy and add the trade with a tight stop.
As earnings are approaching, it is always risky to trade the ticker due to high volatility and not having a clear direction bias of the result.
This is just my opinion. Do you own research before entering the trade.
Let me know what you think in the comments below. Would love to see some of your inputs.
SBUX Starbucks Options Ahead Of EarningsIf you haven`t bought SBUX Starbucks after my last chart:
Then you should know that the rally could continue, in my opinion.
Looking at the SBUX Starbucks options chain ahead of earnings , I would buy the $115 strike price Calls with
2023-4-21 expiration date for about
$2.90 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
SBUX short *starter position* Looks to be getting pretty extended.. running into quite a few lines going into next week with a surely bearish FED meeting.
STARBUCKS CORPORATION new bullish expected
Hi viewers, SBUX technically watched here now expecting new bullish push
TP1:90
TP2:93
TP2:96
SBUX (1D) - Bear Alternate BatThis inside pattern hit the numbers and had a natural harmonic reaction. Price has made a divergent retest. On the 1H, there appears to be an extended Bear Bat in place that is now signaling. Imo, this action justifies a Type1.5 short entry for the daily pattern. Expect price to drop to target1 as a minimum reaction. If price moves upward or has another natural reaction with no follow through to target1, expect a test of the HOP level at a minimum. More action beyond the HOP would likely set up larger outside patterns.
Starbuck is going up It moving up since last July ,and heading $114,$120 then $126 (fib retracements ) , hold it until it break moving ave down !
RectangleEarnings beat.
Daily candle so far is a spinning top and represents indecision at the resistance line of the Rectangle.
Neutral pattern until broken.
No recommendation.
$SBUX short settingStarbucks seeking for a possible short entry after a good correction and diverging MACD on 4H.
Looking to short sell at the red line with target at the area of $90
Starbucks Head and ShouldersIt has to be said that Starbucks doesn't look good at all in the monthly timeframe. If the formation works, it will be possible to see the level of 63 dollars in the summer months. Approaching or crossing the $120 level means formation cancellation.
Will this be the end for SBUX ????!!!!There is a head & shoulder on the 1M chart it may take some time to play out but lets see whats to come in 2023
SBUX weekly inverse cup n handleSBUX is resting at the top of a parallel channel, within the handle of an inverse cup n handle. I am short to $96.
Starbucks SHORT The MACD and RSI indicators are showing overbought conditions, which may suggest that taking a short position at current level may be a good idea.
The target would be when the price reaches upsloping trendline which may take awhile.
Stop loss is 100,86.
Entry level is 98,43.
Entry as shown in the chart (red horizontal line)
Starbucks won't make itPrice has formed a bearish flag since April. The latest weeks bulls couldn't push the price higher and the sellers took control. It can break down at any moment, I opened a small short position, if it breaks down and closes under the flag resistance with high volume in the daily timeframe I'll add to the short. SP above $95.
Starbucks will do down short-midtermToday I entered into a put option position on Starbucks expecting a pullback to the 79-84 area. (golden pocket and .5 retracement level)
Some reasons:
- Bearish divergence on medium time frame oscillators
- Resistance levels noted on the chart as trend lines
It appears that Starbucks may be forming a head and shoulders pattern as well, I plan to hold some of my position in case this pattern plays out.
Goodluck!
Starbucks heading to the sun to $113.42!Cup and Handle on Starbucks formed, broke up and out of it and is heading up.
The moving averages are super bullish 7>21>200
Target $113.42
CONCERNS:
The handle has formed gaps which is not good for TA as gaps close 70% of the time. This makes it a Medium probability trade where I only risk 1.5%
Maybe will be pullback on StarbucksStarbucks has completed an uptrend sequence...maybe will pullback next week till 89.84 and 89.66
SBUX weekly entry after 2 bearish hammersSBUX weekly entry after 2 bearish hammers possibly wave 3 wave C be careful with earnings
All set to hit $105?Looks like it wants to cross the $100 and collapse for a double bottom next year.
$SBUX with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $SBUX after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
SBUX BOOOLISHLonged SBUX Friday and sold as it absolutely ripped, and I don't like holding contracts over the weekend in this market. Earnings coming up if they beat, I think she rips. I think it's likely they beat as well. Depending on how it opens tomorrow it's near the top of my watchlist for a long. Looks like accumulation the past couple weeks. The max I would ride it would be to the black line as you can see it was resistance/support. I would likely take profits before then though bc I like to protect my profits and play it safe during an uncertain market. Not financial advice. $SPY $SBUX $ES
$SBUX Head andShouldersLooks like SBUX is due for a move down. Head and shoulders and reject at 93 looks top
