SBUX seems to be showing a bearish divergence with the price action and RSI. If you can look at the chart, see how the Price action is creating Higher Highs, and RSI indicator is creating Lower Highs. That is a bearish indicator. Obviously, we do not want to make our decision just by using one indicator. We also see a rising wedge (in yellow) which we can...
If you haven`t bought SBUX Starbucks after my last chart: Then you should know that the rally could continue, in my opinion. Looking at the SBUX Starbucks options chain ahead of earnings , I would buy the $115 strike price Calls with 2023-4-21 expiration date for about $2.90 premium. If the options turn out to be profitable Before the earnings release, I would...
One of the longer-term plays I am watching. IPO'd back in 2021, they don't have much in the way of current earnings, but analyst estimates are expecting big growth over the next couple of years. Starting to inch its way up the right side of a possible stage 1 base on good volume. Don't need to rush into buying this one - need to let it show me that it is in...
Looks to be getting pretty extended.. running into quite a few lines going into next week with a surely bearish FED meeting.
Hi viewers, SBUX technically watched here now expecting new bullish push TP1:90 TP2:93 TP2:96
It has to be said that Starbucks doesn't look good at all in the monthly timeframe. If the formation works, it will be possible to see the level of 63 dollars in the summer months. Approaching or crossing the $120 level means formation cancellation.
There is a head & shoulder on the 1M chart it may take some time to play out but lets see whats to come in 2023
SBUX is resting at the top of a parallel channel, within the handle of an inverse cup n handle. I am short to $96.
The MACD and RSI indicators are showing overbought conditions, which may suggest that taking a short position at current level may be a good idea. The target would be when the price reaches upsloping trendline which may take awhile. Stop loss is 100,86. Entry level is 98,43. Entry as shown in the chart (red horizontal line)
Looks like it wants to cross the $100 and collapse for a double bottom next year.
Longed SBUX Friday and sold as it absolutely ripped, and I don't like holding contracts over the weekend in this market. Earnings coming up if they beat, I think she rips. I think it's likely they beat as well. Depending on how it opens tomorrow it's near the top of my watchlist for a long. Looks like accumulation the past couple weeks. The max I would ride it...
We belive that the current pullback is an excellent opportunity for bulls. This is likely to be a mid-long-term uptrend.
I’m a 19 year old broke college student and I’m using the last of my savings to trade after paper trading for months. Here we go. What I see here is a bear flag, love trading this, and normally trade breakouts (if any). You could play the downside here but I feel fuckery afoot from the markets. If you do, wait for confirmation and mitigate your risk. *Not...
Hello, SBUX I think it will start with E Wave targeting $75 and more to $55, Also there bearish flag pattern,
Starbucks Corporation ( NASDAQ:SBUX ) Sector: Consumer Services (Restaurants) Market Capitalization: 96.703B Current Price: $87.11 Breakout price: $90.30 Buy Zone (Top/Bottom Range): $86.30-$81.55 Price Target: $106.60-$108.40 Estimated Duration to Target: 65-71d Contract of Interest: $SBUX 12/16/22 92.5c Trade price as of publish date: $3.50/contract
A decisive breakdown gives me the confidence to ride this equity along with a hot coffee.
First lower high after a long bull channel also is testing the supply zone (order block)
Buy side, buyers imbalances into end of day. Long. Friday likely big day.