SRB trade ideas
Starbucks Near-Term BounceSBUX looks like it could be setting up for a nice bounce back into the $86-87 range. Then, as long as we hold a higher low, onwards to $90-$92. Weekly & Monthly charts are still showing a need for further correction, however, I do believe there is opportunity for a relief rally here. There was a lot of buying into the close today. Lets see what happens in the morning. Break above $82.65- Bullish. Break below $81.25- Bearish. Have a couple short-term options positions open. Lottery positions, either i'll lose a little or gain a lot. I still expect to see $65-75 prices before christmas.
Sbux suxLove this company
BUT
testing 200d SMA and MA.
If it breaches the next support at 76
If it holds it may bounce nicely
$SBUX Starbucks meets expectations. Starbucks meet earnings estimates of 70 cents per share in its fiscal Q4 earnings report, up 13% year over year. Sales of $6.75 billion outpaced the $6.67 billion analysts were seeking, up more than 6% from the year-ago quarter. Shares are up 3% in the post-market on the news, and keeps its record of not missing earnings estimates since Q3 2015. Global comps rose 6%, up 5% in China. Shares aren’t cheap, but the market likes the results. Source Zackz.com
Technically the stock is in the process of staging a reversal after a sizeable selloff, as the market rotation turned investors back towards tech.
P/E ratio 29.
Average analysts price target $96 | Overweight rating.
$SBUX Daily chart$SBUX Daily chart. Secundary uptrend line was broke and is now acting as resistance while 0,61fib is acting as support.
Starbucks LONG!!!Monthly RSI is super overbought at support also scmr is giving a pivot at this support level
SBUX Bouncing Fibonacci levelSBUX bouncooing Fibonacci level and creating a Hammer in the e Monthly.
SBUX before earnings I am still bullish on SBUX, I have my largest option call in history rooting for this steady climb with a boost from earnings. Stay tuned to see how accurate this prediction is,
Starbucks' bottom might not holdThe price breaks a weekly uptrend line and has retraced back to the line. It serves as an opportunity to go downward
Starbucks SBUX Pulling back then continue upwardNot financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.
Starbucks looks to be trading at a discount and I believe it's ready for a slight pull back here after the daily open spiking up a bit. I assume a pullback to about $85 is likely over the next day or two then a trend continuation is upon us.
You could open a small short position here if you want to hedge any existing holding you may have.
I'd be targeting anywhere between $88 and $90 for this move.
Trade safely friends.
<3 -CE-
SBUX BUY a cup of cofee and ready for takeoffSBUX is in a good risk:reward position. the ratio at 1:1, an opportunity to buy the stock and take a cup of coffee in starbucks, quite a good plan for monday morning to me.
Patience Is A VirtueIf this selloff continues there are some great values to look forward to. Don't get discouraged....just keep cost averaging in and when it get's back to 100.00 a share you'll be one happy camper.
