Starbucks Corporation - SBUX (Long)Starbucks Corporation
Long
Enter: 95
Take Profit: 103.25 (8.62%)
Stop Loss: 92.03
R:R Ratio: 2.7
Chart is bouncing of a strong weekly support zone
SBUX trade ideas
📈📊 #ChartPattern Alert! 📈📊 📈 Falling Wedge 📈📈📊 #ChartPattern Alert! 📈📊
📈 Falling Wedge 📈
📈 What is a Falling Wedge? The Falling Wedge is a bullish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bullish reversal, with the price likely to break upward after the wedge pattern.
📈 How to Identify:
Draw a trendline connecting at least two higher highs (upper trendline).
Draw another trendline connecting at least two higher lows (lower trendline).
📈 What it Signals: The Falling Wedge suggests a potential bullish reversal, with buyers gaining strength as the price reaches higher lows within the wedge. It often forms during downtrends and can precede a significant price move to the upside.
📈 Trade Strategy:
Consider buying when the price breaks above the upper trendline of the Falling Wedge.
Set profit targets based on the pattern's height added to the breakout point.
Implement a stop-loss to manage risk in case of a false breakout.
Remember to validate your analysis with other technical indicators and conduct thorough research before making any trading decisions. Happy charting and trading! 📈💹
The market just doesn't like itAnother HS is building up here. The break down will be violent, I think it just need a couple of weeks to get the target. I don't think that support at 96 will hold for much longer, too much bearish pressure. It could make a last pull back, is it does I'll add to my short position.
SBUX short entry its not looking good for starbucks, short entry on the horizon.
Use a stoploss please,
thanks.
Starbucks continues to find buyers.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: 101.50 / 102.50 / 104.50
Support: 99.30 / 97.50 / 95.55
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SUBX - 4H SupplyIf the price retraces to the Supply area in 4H (nested with daily and weekly). The price can drop to the next demand zone in daily.
SBUX Starbucks Corporation Options Ahead of EarningsIf you haven`t sold the Exposure to China news:
or reentered the past earnings:
Then analyzing the options chain and the chart patterns of SBUX Starbucks Corporation prior to the earnings report this week,
I would consider purchasing the 100usd strike price in the money Calls with
an expiration date of 2023-9-15,
for a premium of approximately $4.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I`m considering in the money calls and a longer expiration date because its options chain is just slightly bullish.
Looking forward to read your opinion about it.
Earnings watch 8/1/23 post-marketEarnings watch 8/1/23 post-market:
Here's a quarterly view 24hr ext comparison chart with the tickerTracker MFI Oscillator.
SBUX
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SBUX SHORT PROJECTIONSBUX Premarket Falls and here we expect a downside momentum towards the support highlighted.
SBUX upcoming earnings opportunity LONGSBUX fell going into earnings in early May and continued down all of May then pivoting
into a slow climb on this 2H chart through the lower anchored VWAP bands until the present
where it is about to cross the mean VWAP lines as signaled by an engulfing green bar after a
Doji. The dual time frame RSI lines have both near the 50 levels with the lower in green
slightly above the higher in black. I see SBUX rising in the earning upcoming this week.
The target is the ascending trendline in black at about 104 for a quick 2.5% ROI in 2 days.
I will play this with some call options contracts striking 102 expiring August 11th. I will take
half of them off with a 50% unrealized profit and let the remainder run until 8/9 to avoid
acceleration of time decay.
Bullish Alert : SBUXHourly Chart.
The price is trying to exit this good base at about $103.
There is my combo ready and well structured to confirm the breakout
put credit spread SBUXmacro: snp500 QQQ uptrend
News: inflation flattening
TA : side way , break the swing high for entry, weak trend hence credit spread
Stop, rolling til out of money
SBUX sitting at monthly 50% Fibonacci levelSBUX has an interesting opportunity if it can get about the previous week's high, which is right at the month's 50% Fibonacci level. Historically, there is a very good chance for range expansion past the previous month's high if the month's 50% will act as support.
SBUX to ~$118.74, try for a shortSBUX gave the perfect automatic re-entry after tagging the mid-point pivot and returning to our original entry. Following the rules and reloading would have already ensured you now have your full investment lots, risk free. With no downside other than a $0 gain potential it's a good chance SBUX goes for it's $118.74 target.
Based on how it pivoted down straight from it's midpoint on the first touch take the bet and to try getting short at $118.74 with a tight stop. If it blows through the final d-target then there's more upside coming. But chances are we see a reversal from the d-target. Don't get greedy though and take profits early on that reversal to ensure lock in your risk.
Can SBUX reach above $105 before its next ER?According to Wikipedia ...
"As of November 2021, the company had 33,833 stores in 80 countries, 15,444 of which were located in the United States. Out of Starbucks' U.S.-based stores, over 8,900 are company-operated, while the remainder are licensed.
The rise of the second wave of coffee culture is generally attributed to Starbucks, which introduced a wider variety of coffee experiences. Starbucks serves hot and cold drinks, whole-bean coffee, micro-ground instant coffee, espresso, caffe latte, full and loose-leaf teas, juices, Frappuccino beverages, pastries, and snacks. Some offerings are seasonal or specific to the locality of the store. Depending on the country, most locations provide free Wi-Fi Internet access."
No more coffeePrice is sitting on a strong support but also was rejected from the broken uptrend. We may say another bounce but on the other hand is very probable that price opens with a gap down soon. I just bought some puts (are very cheap now) strike $97 expire 07/14.
$SBUX - Looking through the bear's lensNASDAQ:SBUX I was intrigued by a bear case and decided to take a look at it. Currently sitting on a FIB and anchored VWAP. If $95 breaks, it can head to $84 to $83 area, which is also a FIB and an anchored VWAP support.
$91 and $88 area could provide a reasonably strong support.
If $84 fails, it can check back the multi-year trend line around $76 - $72 area. If that trend line breaks, $57 is not out of the question.
Current PE is 31. At $72 the PE is around $22. At $57 PE is around $18. Provide EPS stays constant.
So what would invalidate the bear case? Price closing above $102.
ER is on Aug 1st. As always it will make or break a chart.
No position. 👀ing.
SBUX - Head & Shoulder Top Formed and Target 80SBUX - Head & Shoulder Top Formed and Target 80
SBUX has formed a H&S top. Today it broke the 96 shoulder support area.
The stock is in a downtrend now. Further downside will target the 80 area.
However, back over the 200 day MA will negate the downtrend.
Did Starbucks Just Break Support?Starbucks has staggered since late 2022, and now traders could see risk of a push lower.
The first pattern on today’s chart is high-volume bearish gap on May 3 after the coffee chain issued weak guidance. The stock held it 50-day simple moving average (SMA) for about two weeks after the drop, then continued lower to its 200-day SMA.
SBUX spent about five weeks in that price area, which was also near the March low of $97.16. It additionally formed a bearish descending triangle that broke to the downside yesterday. Has key resistance given way?
MACD turned down as well, a potential sign of direction shifting lower.
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Confirmed Pivot on Starbucks. SBUXLow of D Crossed. ABCDE >1.0Fibtime of A, thus highly likely for entire B Wave completion. IOf this is true, then expecting an impulsive descent down. It is interesting to observe how Fibonacci ratios coincide with levels of candlestick support/resistance. It is a well described phenomenon that is once again apparent here.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Will Starbucks bounce off of support?Starbucks has been trading between 96-113 for months now and recently Starbucks has pulled back under 100 to its support level of 96. On the Daily chart we see that every time it has touched this support it has bounced back up towards at least the 100 level.
This could be a good entry for a call into the next couple weeks/within the next month.
If the support fails, Starbucks can head downs towards the 90 range.
Coffee Looks Expensive!!Hi mates, Sharing daily chart of Starbucks and by the observation of trend it is looking week on this time frame so if it will break support zone 1 and close below can go and test next supports below mentioned on chart.
This is not and trade or investment advice. This idea is meant for learning.
Best Regards-: Amit
