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Starbucks

STARBUCKS - CORRECTION AHEAD? For this one it is very important to take note of that sloped yellow support line that has already held for longer than I initially thought! Only after breaking this line we can confirm a bigger correction. Starbucks has made an amazing run all the way to above the 2.618 fib extension of wave 1! It is obvious that this kind of growth is most likely not sustainable and we are in a quite overreached market still. Therefore I think we need to correct to the 0.382 fib level ($41.5) AT LEAST to remain in a healthy uptrend, much rather would I see even a 0.5 retracement ($34)! Sidenote: There are other ways to count this, which is why I was very clear about that yellow support! Stay safe! I hope this was helpful! Take care!
NASDAQ:SBUXShort
by moneyrules
Starbucks, good trading opportunity.After news release that Starbucks closes 150 coffeshops, we had 2 big selling days. Breaking through one confirmed trend line and now testing another big one from the beginning of the trend. This could be a good buying opportunity to trade a bounce with a good risk-reward ratio, stop below the 50 or 49, 1st target at the previous trend line . Alternatively a break below the 47.80 level would provide good confirmation for a short position to the next big support at 42.10, which is also the 38.2% retracement. Happy Trading!
NASDAQ:SBUX
by Antonio_trader
STARBUCKS BUY CHINA MARKET EXPANSION + IDENTIFICATION OF PROBThis is going to sound weird but I recommend buying. Starbucks closing a lot of its outlets have caused a huge drop in stocks. In all honesty, though, Starbucks has a very high chance of coming back from this, especially as they've started introducing new options and are now focused on doing better. They've identified multiple problems and are working on solving them. This really has the mark of a dedicated company and hence I'm quite confident in their future Heck, they are currently opening a new outlet in China every 14 hours!! They are also opening new outlets all over the world including Italy. Targetting the international market will undoubtedly be good for the stock. Therefore it might be smart to invest at this point due to the drop and then make a profit as the prices increase over time. Please do this at your own risk though as the price could very well drop and some people may have no confidence in Starbucks. In that case, do go ahead and short!! Again, as a complete amateur, likes/ feedback would be appreciated.
NASDAQ:SBUX
by rylest370
2
SBUX Long positionStarbucks long position 1: At Support line 2: Rsi is oversold U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures, Stocks and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures, stocks or options on the same. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL, OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE DISCUSSED WITHIN THIS SITE, SUPPORT AND TEXTS. OUR COURSE(S), PRODUCTS AND SERVICES SHOULD BE USED AS LEARNING AIDS ONLY AND SHOULD NOT BE USED TO INVEST REAL MONEY. IF YOU DECIDE TO INVEST REAL MONEY, ALL TRADING DECISIONS SHOULD BE YOUR OWN.
NASDAQ:SBUXLong
by xvingen
STARBUCKS TEXTBOOK FLAG FORMING BIG BULL MOVE COMINGMy plan is to enter around 53.00 with a relative tight stop below the 51.00 low. So the risk is really manageable, but the potential on this stock is very tasty, there is a potential for a 20% rise. Before entering i will be looking at smaller timeframes to ensure that bulls are coming in, and stabilzing the price. Fundamentally i have read several positive reports and bank analysis of starbucks with several banks expecting the stock to outperform toward the 64.00 level. So i think its worth to have it in the portfolio. Thanks for reading, please make your own analysis, this is just my view and it might as well fall and take out the stop. Please use proper risk management. Blessings to you all.
NASDAQ:SBUXLong
by IamJeanPaul
2
Starbucks Corporation (SBUX) – coffee giant low on energy?We are currently in a long sideways phase that has been exited only briefly in a little over a year. Within the price range of approx. $53.00 – $63.00, the value is oscillating in sometimes larger, sometimes smaller movements. Since the beginning of December, a clearer downward trend has now formed. The value of the stock is showing rising volume in the downward movements, and an unattractive chart development as well as falling volume in the corrections. The significance of the downward trend is also strengthened in comparison with the large indexes (SP500/Dow30/NASDAQ100). Since the election of Mr. Trump, these have been able to record new highs, while the Starbucks stock is having to fight back against a rally. Since there is still plenty of elbow room down to the lower edge of the sideways range, a trade in the direction of the downward trend seems to be the most lucrative. If a scenario such as the one in image 2 occurs, the subordinate trend could be used for an entry. The first target would be in the region around $54.00. A further target is also the area around $53.00. This is where the lower edge of the sideways range is located, which is why here at the latest, it would be advisable to take any profit. If the trend does not continue and if the last highs at $59.00 are sustainably broken, the short scenario would have to be put aside. In this case, a renewed observation of the stock would be advisable.
NASDAQ:SBUXShort
by ATT_Trading
$52.50-(A key support level for Starbucks).As I noted in the above chart, closing below the 100 WMA again is a troubling sign for the bulls. I am watching the 52.50 level. If that level goes, the 200 WMA is up next at ~47.50. The last time Starbucks fell below the 200 WMA was in 2007. It fell another 70% bottoming out around $4. Granted, that period was an extreme event and the company is more mature and in a better position today. I am in now implying it will fall 70% Just pointing out long it has been since the last move under the 200 WMA. Now, a look toward some data. Same store sales is slowing. See image below. assets.bwbx.io Jennifer Bartashus, an analyst at Bloomberg Intelligence notes- “Starbucks is really starting to hit the saturation point in the U.S.,” she said. “The question with that is how are they going to continue to grow same-store sales.” To achieve growth, it will mean growing same store sales at a better rate and pushing into new markets. Per Bloomberg again- "Starbucks has been trying to improve its food in the U.S. to lure more customers, especially beyond morning hours. This year, the company is adding fancier items to its menu, including Sous Vide Egg Bites and a gluten-free breakfast sandwich. To attract the on-the-go crowd, Starbucks also is expanding its snack-based meals called Bistro Boxes." In other words, they are expanding to other categories besides coffee(line extension). They are hoping to gain a bigger share of the customer's wallet while they are in the store. Will it work or could those resources better be used elsewhere? The jury is still out. I have no position in this stock but will be watching the levels noted on the chart closely. Let me know what you think. Agree/disagree? Would love to hear your thoughts. 2nd try, first chart was off:)
NASDAQ:SBUX
by CalebDismuke
$52.50-(A key level of support for Starbucks).As I noted in the above chart, closing below the 100 WMA again is a troubling sign for the bulls. I am watching the 52.50 level. If that level goes, the 200 WMA is up next at ~47.50. The last time Starbucks fell below the 200 WMA was in 2007. It fell another 70% bottoming out around $4. Granted, that period was an extreme event and the company is more mature and in a better position today. I am in now implying it will fall 70% Just pointing out long it has been since the last move under the 200 WMA. Now, a look toward some data. Same store sales is slowing. See image below. assets.bwbx.io Jennifer Bartashus, an analyst at Bloomberg Intelligence notes- “Starbucks is really starting to hit the saturation point in the U.S.,” she said. “The question with that is how are they going to continue to grow same-store sales.” To achieve growth, it will mean growing same store sales at a better rate and pushing into new markets. Per Bloomberg again- "Starbucks has been trying to improve its food in the U.S. to lure more customers, especially beyond morning hours. This year, the company is adding fancier items to its menu, including Sous Vide Egg Bites and a gluten-free breakfast sandwich. To attract the on-the-go crowd, Starbucks also is expanding its snack-based meals called Bistro Boxes." In other words, they are expanding to other categories besides coffee(line extension). They are hoping to gain a bigger share of the customer's wallet while they are in the store. Will it work or could those resources better be used elsewhere? The jury is still out. I have no position in this stock but will be watching the levels noted on the chart closely. Let me know what you think. Agree/disagree? Would love to hear your thoughts.
NASDAQ:SBUX
by CalebDismuke