Grab a latte with some short money $SBUXThe first stock I ever bought lol!
This will moon if it passes the thick upper blue trendline, but it looks like it's broken out of it's current bullish channel, so expect targets of 82.14 before bouncing back. If it doesn't bounce back, next targets would be 71.43, 61.31
SBUB34 trade ideas
Potential SBUX Bull Count on the 30mLooks like we're in the middle of a daily wave 3 on SBUX that I drew last month. Our correction was pretty flat, so I'm conservative on my price targets. Additonally, we want a deep wave 4 pullback on the 30m for a nice move into new highs, completing the daily W3.
Cup and HandlePossible rising wedge
This is not a yearly or all time high C&H pattern. SBUX would need to break 94.13 plus 10 cents or so to totally break out
This is very well possible. This chart does not represent that though
Possible Stop below 77.3
Long term uptrend with some hiccups since the flu. Most restaurants have the flu and this one seems to be getting well, slowly but surely.
If it breaks old high, then re-eval from there
NV is high short interest is low
Not a recommendation
SBUX to $88 before earnings Based on pure technical analysis, Starbucks is on an up trend based on candle stick movement. For the past 6 months we can see higher highs and lower lows. I believe Starbucks is going to have another higher low very soon, followed by another large bull run.
I will keep you posted with my trades here as well as linked segments, like daily candlestick performance. Make sure to follow if you are watching Starbucks. Let's hit $88 together!
SBUX 9/29 Candle Stick Prediction Here is my daily candle stick prediction for SBUX. I will continue this segment as long as I am following SBUX and actively trading.
This is a prediction and not a guarantee. Please check out my SBUX to $88 before earnings technical analysis. A fundamental analysis is in the works! If you are watching Starbucks then follow this account as I will be actively updating my technical analysis and fundamental analysis. Stay tuned!
Starbucks Swing Starbucks sitting at my support zone at 83 could see a drop down to 73 if we break below 79. theres a gap down at 79.15 that we could fill within these next few weeks or we could just keep pushing during winter. With winter coming up i see SBUX going up to 95 by December. SBUX has been bullish during the past winter seasons and we could see the same for this year. Pumpkin spice lattes and more coming soon!
Starbucks Mark UpI'll say that from a higher viewpoint I'm noticing that there's some nice potential profit margin underneath Starbuck's current price action.
Besides the barrier at the low end of the curve, that $40 level looks promising IF there's a B.A.R. of the $50 price point, but I'm bullish once there's a B.A.R. of the $99. We shall see..
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