Bounce LKBought at 35.5 (Jan 30, 2020)
Stop slightly below support
Targets:
38 (1:1), 40 (2:1), or run back to highs
Note:
Play bounce of 50MA, I had my alert at 50MA so I entered. Expecting the break of short selling over reaction due to this corona virus.
Indicators say still on a downtrend of course. But just trusting this 50MA support and levels for the bounce. Have good r/r.
SBUX
SBUX BAD COFFEE BUT MIGHT BE BULLISHI am a coffee addict and i hate bad coffee, and #starbucks is one of the worst imo, but chart is pretty bullish, so im looking around for call options.
Tried to show my projection on chart
ALWAYS waiting for SETUP's not only price
My target is 110 usd
I'll update if the setup is ready
$SBUX Earnings Reaction Lines Up Buy-the-Dip PotentialSBUX out with earnings after the close... company hit hard by Wuhan Flu with a bunch of stores shutting down. But we are in a raging bull market and this pullback is likely some form of buying opp. The earnings pullback will hit the 200-day MA in the $86.50 area. Maybe a bit of an overshoot here, but it gets juicy after that.
SBUX - Gameplanafter a nice move yesterday following an upgrade by jpm SBUX looks good to attack the highs again
background: stock trended higher for a year until august 19. since then price had a correction bottoming at around 80$.
price created a nice round bottom and now breaking to the upside on good news and market momentum.
game plan
buying on a break above yesterday highs 88.9
adding if retest 88.7
stop at close below 83.8
or
buying on support of 86.7
adding at 83.8
stop at close below 80.65
selling into resistance levels
target at 96.75
Sbux LongAccording to Bloomberg, The Fed Is Entrenched in the Repo Market.
"Since the rate on overnight repo spiked to 10% on Sept. 17 from around 2%, the central bank has been conducting overnight and term repo operations to help rebuild banking reserves, adding $237 billion of liquidity. It’s also prepared to inject up to $490 billion around Dec. 31."
Since, the market is held up by the fed, I looked around for some safe stocks to go long on and Sbux seems like a good safe bet.
if we get a pullback to $88 today, i would get an entry and see if we could potentially reclaim ATH at $99.72 in the next two weeks.
especially since majority of the white girl index is hitting All Time Highs, Why can't Starbucks?
Stoploss around $86
Take profit $91
max target 99
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.
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
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Starbucks SBUX Pulling back then continue upwardNot financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.
Starbucks looks to be trading at a discount and I believe it's ready for a slight pull back here after the daily open spiking up a bit. I assume a pullback to about $85 is likely over the next day or two then a trend continuation is upon us.
You could open a small short position here if you want to hedge any existing holding you may have.
I'd be targeting anywhere between $88 and $90 for this move.
Trade safely friends.
<3 -CE-