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Starbucks Corporation

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SBUX trade ideas

STARBUCKS trade hitting take profit 1 we had a quick in quick out on Starbucks that was posted to the team last night and just now has hit our take profit 1 where we take half of our profit and move our stop loss to entry giving us a risk free trade. the reason for this trade is that Starbucks as you can see has been respecting its daily trend line and with the world starting to open up, especially here in the UK and in the US i can only see a bullish momentum in the stock as people go back to enjoying what they have missed for the past year. we saw a bullish engulfing candle close and placed a buy limit order 1 pip above so we was sure that it would be triggered market open. we have now seen a lot of buy pressure hitting our take profit in a few hours we will now manage this trade, enjoy the first profit and hopefully ride it until the second.
NASDAQ:SBUXLong
by Trade_Rocket_Investments
Can SBUX keep up with coffee demand facing shortages?SBUX 2HR TF ----------------- ANALYSIS Coffee is in high demand, but SBUX is facing inventory shortages (cups, syrups, oat milk) as it continues to reopen locations world-wide. SBUX is already making amends as the company is resuming it's reusable cup program and dropping its summer 2021 drink line up.... This past week SBUX showed some strength to reverse and retest ATHs, as it broke the current downtrend resistance (solid green trendline) and filled the gap at 112.54. Looking for a continuation this week with a slanted inv h&s setting up and an impulsive wave 3 forming as the breakout. Targets: 113.70, 118.32, new highs Key levels Support: 112.14, 110.88, 108.90 Resistance: 113.73, 114.63, 116.12, 119 Ideas 1. Shares 2. Long (swing calls 2week+ out exp. ATM/ OTM)
NASDAQ:SBUXLong
by jUiCE_Trades