1SBUX trade ideas
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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Starbucks is still very much bullish, possibly.Sbux, as you can see is still in a very bullish price action range. It has fell to a critical level in my opinion, it has to hold this range and move upwards, that would signify some good strength towards the next resistance and support zones. We could see a run up until earnings. This upcoming week will be critical to determine if the trend is changing.
Bull flag formingLooking to enter a trade in $SBUX following a bull flag formation.
Waiting for:
- confirmation of price above trend line at $86,
- increase in volume,
- MACD and STOCK giving stronger signal
If trade is entered, will set stop loss below support around 84.15.
Taking profit around 90.30, 93.5$ and 99$ depending on price movement.
Time frame of the trade 4-8 weeks.
**** This is NOT a financial advice, but only my opinion. Please do your own due diligence before investing. ****
