Short scalp $SBUXBased on its downtrend, regress off resistance and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF $SBUX breaches yesterday's low of $77.13 during today's session.
4SBUX trade ideas
SBUX Forecast After Meeting Earnings ExpectationsAfter touching our price target here:
Starbucks Corporation (SBUX) is in line with earnings expectations:
Revenue: $7.6 billion vs $7.62 billion expected
Adj. EPS: $0.59 vs $0.60 expected
U.S. same-store sales: 12.00% vs 8.90% expected
International same-store sales: -8.00% vs 1.87% expected
The China threat to SBUX is not over yet in my opinion, the U.S. and China stores represent 61% of the company’s global portfolio (2/3 stores in the U.S and 1/3 in China), and we could expect a retracement to the Covid lockdown area if we won`t see growth in the second half of the year.
Looking forward to read your opinion about it.
SBUX exposure to ChinaChina represents 45%-55% of Starbucks’ international sales and 10%-13% of aggregate sales!
The U.S. warning China it could face devastating sanctions if it defies the ban on doing business with Russia!
This is a move that could have huge impact on American companies.
My price target for SBUX is $72.
Looking forward to read your opinion about this.
Starbucks USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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Starbucks - Time for Defensive Stocks?Is it time to switch to defensive stocks like Starbucks when recession is looming and there is a sell off on the market?
Fundamental analysis - all the financial indicators are pretty consistent and positive, apart from one that may deter the investors - rise of liabilities against the assets and equities which is exceeding the norms.
Technical analysis - looking at the monthly timeframe it is clearly visible the development of fourth running correction which can be followed by the final fifth wave with a potential target of £120 to $150.
Risks - it is critical to wait for earnings report in May which will confirm the positive sentiment and hence the proposed scenario, or an alternative analysis would need to be made.
Therefore, Starbucks is still quite stable in its earnings and dividends, and the next quarterly report will be crucial for another short to mid term bull run.
Are you looking to buy these shares or have you got another view on the possible development?
Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves.
Thanks
NB - comparing the type of Running Correction that has been experienced in Starbucks it may be possible to see similar one in McDonalds which is only starting to develop
SBUX and many others pushing '22 lowsThese could go either way - long the bounce or short the breakdown of support.
Starbucks bottomchart says why. 2024 leaps loaded. everyone calling for a market crash is the main reason why we will not get one.
Bottom for StarbucksMACD, RSI, and Insilico levels all screaming bottom is in or near ON THE WEEKLY. 2024 leaps loaded at the lows yesterday.
SBUX - Trade setupSBUX getting hit hard right now.. I like this strong support break to the 100MA on the monthly chart. Will be a swing trade so if using options give yourself some time.
Starbucks, may the fall be at the end?0.38 fib retracement seems a good point to stop falling and at least "rest".
$SBUX Key Levels, Analysis, & Targets$SBUX Key Levels, Analysis, & Targets
So I do think that here I’m going to start with target 2 - but target 1 might catch it. I’m still aiming for 2.
Swing setup
1 at 79.11
1 at 71.06
2 at 60.85
4 at 50.02
(Then multiply by your multiplier (x5, x10, x100, x1000, etc to find your position size)
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
More Pain for SBUXSBUX heading lower, move below recent low at 78.90 should trigger a sharp move to the downside.
bulls need a coffee break after this dip xD Starbucks saw more downside after the RSI rejection as expected.
If we move above local/trend resistance I am targeting 94.57-99.07, below local support I will target 79.27
SBUX Major Sell Off Due To Sharebuyback is a Perfect Time To BuyShare buybacks help decrease float and push the price up. However, this is Starbucks we are talking about. The share price is too low; there is too much liquidity in the market for the price to dip like this more than 5%. I am long!
Starbucks - Cup With a HandleThe Cup With Handle chart pattern is bullish. I'm bullish on Starbucks.
Sometimes it's best to go with tried and true price patterns
This would make William O'Neil proud.
You can't make it up.....
$SBUX - Wait for the gap close.Even though Starbucks looks attractive here, there is a gap that needs to fill at $83.44. I would be patient and wait until $81.72 or 161.8% fib extension and see if bottom has formed.
For now I am sitting on the side lines and wait for the dust to settle.
Possible target 1 - $81.72
Possible target 2 - $73.2
I would definitely take a sip of Starbucks around $73.2.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines show support and resistance areas.
- Fib lines also show support and resistance areas.
- The dotted white lines show the price projection for breakout or breakdown target.
Disclaimer: Not investment advice.
will the RSI history repeat itself ?Starbucks broke trend resistance which is bullish, but pay attention to the RSI resistance! it has been rejected here so many times, chances are it happens again.
looking for re-test of previous trend resistance (83.77) after the dip I will target 94.57-99.07
starbucks watchafter a vry long downtrend . the price will see some majore changes in trend and will change directions to become an uptrend . best move is to wait from the green candle on monday then enter as buyers
SBUX LongHello Guys, This is my first post analysis about stock market, Currently most of Stocks market in bearish situation, but not for SBUX, it gain 1,37 % and SBUX just broke out the downtrend line with bullish gap, it is sign the positive good work of the company and the people are very interested with the product. my analysis SBUX will be in bullish to the target price at 116 $
SBUXStarbucks (SBUX) climbed 4.8% after the coffeehouse chain Wednesday said CEO Kevin Johnson plans to retire April 4 and that longtime chief executive Howard Schultz would return to the post on an interim basis during the search for a permanent successor.
SBUX inverse H & SWill SBUX be able to pull it off and go to 102? Maybe fill that little gap before rallying back up, or maybe not?
Recap: 3/23 SBUXStrat play 3/25 85p
Setup: 3-1-1-2 double inside day
Actual gain: 0.39->0.33
Theoretical gain: 0.39->0.40
I got in this one and moved my mental SL to the high of the most recent candle. It broke really quickly and I had some slippage on the way out.
Overall, flat day for SBUX and holding would've netted breakeven. No targets hit, no stop loss hit.
