Starbucks has recently completed its dark green wave in our Target Zone (between $86.38 and $68.39) and should now be wide awake and ready for renewed rises above $89.73. The price has already worked its way upward step by step. However, we consider it 37% likely that SBUX will breach the bottom of our Zone to head for another corrective low.
Here is one of my most explosive setups, the Pinbar. A bullish Pinbar on a HTF chart tells us that sellers tried pushing price lower but failed miserably due to a strong surge in buyers taking control and this is also confirmed by the CVol + The inverse head and shoulders on the LTF (5m). If you look at the 5m charts volume the last bar was much more noticeably...
SBUX appears to be in a repeating downtrend from Summer 2021 to Spring 2022. It would be ideal to utilize AI to predict how low SBUX will retrace. However, for the purpose of technical analysis (TA) and trend observation, I'm sharing indicators such as RSI, MACD, and AO, which suggest a high possibility of SBUX repeating the downtrend. Over the next three months...
If 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...
It 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.
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
After touching our price target here: Starbucks Corporation (SBUX) is in line with earnings expectations: Revenue: $7.6 billion vs $7.62 billion expected Adj. EPS: $0.59 vs $0.60 expected U.S. same-store sales: 12.00% vs 8.90% expected International same-store sales: -8.00% vs 1.87% expected The China threat to SBUX is not over yet in my opinion, the U.S....
China represents 45%-55% of Starbucks’ international sales and 10%-13% of aggregate sales! The U.S. warning China it could face devastating sanctions if it defies the ban on doing business with Russia! This is a move that could have huge impact on American companies. My price target for SBUX is $72. Looking forward to read your opinion about this.
Starbucks Corporation ( NASDAQ:SBUX ) Sector: Consumer Services (Restaurants) Market Capitalization: 137.229B Current Price: $116.97 Breakout price: $117.40 Buy Zone (Top/Bottom Range): $115.10-$109.10 Price Target: $126.30-$127.50 (1st), $129.20-$130.40 (2nd) Estimated Duration to Target: 108-112d (1st), 159-165d (2nd) Contract of Interest: $SBUX 3/18/22...
$SBUX video breakdown! Looking for a bounce off a daily support! This could be a nice small account friendly option play!