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Starbucks at crucial support.Starbucks - 30d expiry - We look to Buy at 97.62 (stop at 94.94) The primary trend remains bullish. 97 continues to hold back the bears. Bespoke support is located at 97.50. 96.17 has been pivotal. Offers ample risk/reward to buy at the market. The daily chart technicals suggests further downside before the uptrend returns. Our profit targets will be 104.12 and 106.12 Resistance: 99.00 / 101.00 / 102.50 Support: 97.48 / 96.52 / 96.17 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NASDAQ:SBUXLong
by VantageMarkets
Starbucks I It will go up 2 minutes ago Welcome back! Let me know your thoughts in the comments! ** Starbucks Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
NASDAQ:SBUXLong
by BKTradingAcademy
14
Investment Thesis: StarbucksStarbucks has established itself as a dominant player in the specialty coffee industry, with a strong brand image, extensive global presence, and a diversified product portfolio. The company's successful business model, focused on providing high-quality coffee and a unique customer experience, positions it for continued growth. However, there are potential risks to consider, including increasing competition, changing consumer preferences, and potential supply chain disruptions. Overall, Starbucks presents an attractive investment opportunity with the potential for long-term value creation.
NASDAQ:SBUXLong
by BenSparham
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.
NASDAQ:SBUXLong
by SamerHa
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.
NASDAQ:SBUXShort
by MoneyChartz
📊MATIC squeeze to a trendline! 3 preconditions to open a shortHi friends! Matic is make the biggest performance among other altcoins. But after the Inflation rate announce, it`s make a pullback to the global trendline. Even the announcment of the partnership between the Polygon (MATIC) and Starbucks don`t PUMP the price . This mean that the big buyer is waiting for the better price and don't want support the price to buy lower. 📊 Preconditions to open a short: 🔥squeeze to the trendline 🔥bearish BTC 🔥sell orders WALL on DOM and Footprint 🚩 When the matic test the trendline for 4 times, it`s make a huge Pump, but i think we are in a different market conditions now. In any case pay your attention to volume indicator and DOM to identify the Big players to open a trade in the same side with them. 📊 The closest targets is the $0.7-0.78 value area. 💻Press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
M
by Yuriy_Bishko
2