SBUX showing relative strength SBUX holding above SMAs well following positive earning gap. One to watch if the market settles down.
SBUX trade ideas
Starbucks don’t care.Don’t think this beauty is going down. People adjust their day to factor in the wait for their fix.
Great Bullish set up Bullish consolidation under it's high from ER, Great long swing. SEP 20, 50 delta calls. FIBs 1 and 1.272 for PT's
Long swing trade on SBUXNASDAQ:SBUX had a great gap and go last week after earnings, and already pulled back to its 13 EMA on the daily.
Looking to enter long here above 96.73, with targets around its all time highs.
Starbucks Trying To Fill The GapLast post: July 28th 2019. See chart .
Review: Price gapped up, showing strength to the upside.
Update: Price has pulled back and has filled half of the gap.
Conclusion: If this pullback has already found support then we want to see if price will break and close above the previous high and $100 round number.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
$SBUX:NYSE - STARBUCKS - Will it crack $100?Starbucks came through its earnings quite well and has had such a resilient run up around 80% over the last 12 months. Small pullback on earnings will give it a 5% gain back up to the $100 mark. Signals are a bit neutral at the moment so would like to see where it goes over the next couple of days. Trade war with China might slow down some of its upside growth, but in the event of a market downturn / recession I can't see too many people giving up their daily coffees. Worth a watch.
Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development. The Company's Americas, CAP, and EMEA segments include both company-operated and licensed stores. Its Channel Development segment includes roasted whole bean and ground coffees, Tazo teas, Starbucks- and Tazo-branded single-serve products, a range of ready-to-drink beverages, such as Frappuccino, Starbucks Doubleshot and Starbucks Refreshers beverages and other branded products sold across the world through channels, such as grocery stores, warehouse clubs, specialty retailers, convenience stores and the United States foodservice accounts.
Starbucks Gaps UpLast post: July 13th 2019. See chart.
Review: Price was trending up nicely.
Update: Due to earnings, price has gapped up showing further strength.
Conclusion: We want to see if the gap will be filled or whether price continues to create new all-time highs
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
$SBUX... Yup, ISSA BUBBLE (tea)RSI near 90 on every time frame (including monthly). Will most likely hit that $100, just so they can say they did.
***Let's talk about it ... over some tea"
Starbucks - Explosive Rally Approaching Historical LimitsSBUX is Approaching a historically important RSI limit
+80% rally since its most recent June lows of 2018.
Chinese firm Luckin coffee raises $650m in its IPO, bringing with it added competition in China and a licence to burn cash.
Starbucks bubbleStarbucks went parabolic for no particular reasons. Expansion in Asia is likely to hit the brick wall of US-China trade war. The company recently racked up an enormous amount of debt and has gone equity negative. The price is almost double future cashflow . Yet the price keeps climbing to psychological level 90 completing clear wave count in a rising wedge on 1H chart.
Big short
Building positions around 2 strikes:
- 50% of the position - October put @85
- another 50% of the position - November puts @65
Exit strategy - liquidating positions based on PA.
Shorting milestones - SBUXEvery time, Starbucks hit a new milestone of 10s - at $70, $80, it made a correction of about $5-$10. Small corrections also happened every 5s - at $75, $85. Loaded up on puts for $87.5, $88, $89
Short On Starbucks Near an all-time high and RSI seriously oversold
Will increase position @80 on the RSI
Starbucks Is Moving Full Steam Ahead!Last post: July 3rd 2019. See chart .
Review: Price was in a nice up moving trend.
Update: Price has continued to head higher since.
Conclusion: This stock should present a nice trading opportunity on the next breakout.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
SBUX could hit $35.00 by CountdownToOct2021 Market LowSBUX could hit $35.00 by CountdownToOct2021 Market Low
Restated: SBUX 204 SMA = $30/share could lose 65% value by 2021Restated: SBUX 204 SMA = $30/share could lose 65% value by 2021
SBUX 204 Monthly SMA = $40/share - could lose over 50%SBUX 204 Monthly SMA = $40/share - could lose over 50%
