SBUX has previously shown many trading patterns such as head and shoulders and flags. Currently, the stock is in an upward flag, but also on the middle of two Fibonacci levels. The blue line represents short-term resistance if the stock breaks that I believe it will stay in this Fibonacci level with enough time to hold until the next resistance line. This upward...
For this one it is very important to take note of that sloped yellow support line that has already held for longer than I initially thought! Only after breaking this line we can confirm a bigger correction. Starbucks has made an amazing run all the way to above the 2.618 fib extension of wave 1! It is obvious that this kind of growth is most likely not...
Simple Elliott Wave demonstration of multiple extensions within Starbucks price rise over the last Quarter-century. Expecting a possible correction of 35-50%, but anything can happen. Know your Elliott Wave rules and apply them!
After news release that Starbucks closes 150 coffeshops, we had 2 big selling days. Breaking through one confirmed trend line and now testing another big one from the beginning of the trend. This could be a good buying opportunity to trade a bounce with a good risk-reward ratio, stop below the 50 or 49, 1st target at the previous trend line . Alternatively a...
This is going to sound weird but I recommend buying. Starbucks closing a lot of its outlets have caused a huge drop in stocks. In all honesty, though, Starbucks has a very high chance of coming back from this, especially as they've started introducing new options and are now focused on doing better. They've identified multiple problems and are working on solving...
This is on the weekly and the price took out the last significant support level, this will now. I still don't know what caused the price action but it doesn't matter cause I do what price tells me to do
Stop can be use paralel with SPX 2766 weekly close. There is someting going on this here with suprise earnings and misleading news around. Let's try what will be As always max. 1% on total capital risk must limit your size.
WE GOT A SELL OPPORTUNITY? I believe that we got some real sell opportunity here guys. Prices could go down to lows of 55.00, be very careful as prices are approaching the ''V/Chinese Hat'' as prices could reverse quite sharply or could penetrate through with very strong volume! TP:55.00
Starbucks usually recovers when it takes heavy hits The reaction time may be SLOW but it's low-risk buying at this point in price. Always use stops! Cheers.
Double top on resistance and head and shoulders forming. Cycle from 2009 is due for a correction. Look at the previous cycle for a clue. The trend of parabolic advances may continue after after a correction to 42 or even 50 if lucky, but this year doesn't look too hot for the coffee giant.
Price needs to correct and consolidate before finding upward movement
The good thing about this stock is that it usually recovers in a fairly quick amount of time. This stock doesn't always recover right away. I personally think Starbucks is coming to an area of previous support, so I believe price will follow history and recover back to the pre-earnings prices. Remember if you take my ideas to live trading, please remember that...
Let's face it, investors love Starbucks. Even after it's most recent dismal earnings report, the floating interest is at 1.62 %. I'm in for the short term bounce. Let me know your thoughts! Steven W.
Starbucks long position 1: At Support line 2: Rsi is oversold U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures, Stocks and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade...
If you are interested in more of our trades, check out our profile and Tradingview Indicator @ChaoticTrader
AB = CD pattern.. waiting for the retest of prz to go short.. let's see what's next
My plan is to enter around 53.00 with a relative tight stop below the 51.00 low. So the risk is really manageable, but the potential on this stock is very tasty, there is a potential for a 20% rise. Before entering i will be looking at smaller timeframes to ensure that bulls are coming in, and stabilzing the price. Fundamentally i have read several positive...