Starbucks has established itself as a dominant player in the specialty coffee industry, with a strong brand image, extensive global presence, and a diversified product portfolio. The company's successful business model, focused on providing high-quality coffee and a unique customer experience, positions it for continued growth. However, there are potential risks...
On the daily chart, SBUX swings within the middle of an ascending wedge and tries to stabilize above the horizontal resistance area between Fibonacci level of 78.6% at $107.23 and $108.87. While we are now waiting for SBUX to breakout above the ascending wedge, which paves the way to advance towards $117.80-120.76 as initial targets. With setting the levels of...
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...
Looks to be getting pretty extended.. running into quite a few lines going into next week with a surely bearish FED meeting.
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.
SBUX is resting at the top of a parallel channel, within the handle of an inverse cup n handle. I am short to $96.
Today I entered into a put option position on Starbucks expecting a pullback to the 79-84 area. (golden pocket and .5 retracement level) Some reasons: - Bearish divergence on medium time frame oscillators - Resistance levels noted on the chart as trend lines It appears that Starbucks may be forming a head and shoulders pattern as well, I plan to hold some of my...
Cup and Handle on Starbucks formed, broke up and out of it and is heading up. The moving averages are super bullish 7>21>200 Target $113.42 CONCERNS: The handle has formed gaps which is not good for TA as gaps close 70% of the time. This makes it a Medium probability trade where I only risk 1.5%
Looks like it wants to cross the $100 and collapse for a double bottom next year.
it seems to be forming a diamond, on the weekly it looks like a symmetrical continuation triangle, there is no resistance on the weekly, the two gaps of Nov 20 and the island reversal of the end of March 21 could help in establishing a BreakOut I also don't rule out a bearish reversal H&S, the volumes initially made me think about that
We belive that the current pullback is an excellent opportunity for bulls. This is likely to be a mid-long-term uptrend.
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
Hi friends! Matic is make the biggest performance among other altcoins. But after the Inflation rate announce, it`s make a pullback to the global trendline. Even the announcment of the partnership between the Polygon (MATIC) and Starbucks don`t PUMP the price . This mean that the big buyer is waiting for the better price and don't want support the price to buy...
First lower high after a long bull channel also is testing the supply zone (order block)
NASDAQ:SBUX Starbucks earnings continuation and gap fill following trend
A strong bottom has formed along a Starbucks uptrend on this daily timeframe It has also been previously seen as a point of resistance which further emphasizes its potential as a future support (how it is acting now) Buy on this daily timeframe
Looking at the SBUX Starbucks Corporation options chain, i would buy the $90 calls with 2022-9-16 expiration date for about $1.88 premium. Looking forward to read your opinion about it.