Wake up and smell the coffee Giant Head and Shoulders pattern, if this breaks below support post earnings, one can expect the pattern to confirm and a larger correction to occur.
Key stats
About Starbucks Corporation
Sector
Industry
CEO
Laxman Narasimhan
Website
Headquarters
Seattle
Founded
1985
ISIN
ARDEUT111481
FIGI
BBG000HGBZ14
Starbucks Corp. engages in the production, marketing, and retailing of specialty coffee. It operates through the following segments: North America, International, Channel Development, and Corporate and Other. The North America segment focuses on the United States and Canada. The International segment is involved in China, Japan, Asia Pacific, Europe, Middle East, Africa, Latin America, and Caribbean. The Channel Development segment includes roasted whole bean and ground coffees, Seattle’s Best Coffee, and Teavana-branded single-serve products. The company was founded by Jerry Baldwin and Howard D. Schultz on November 4, 1985, and is headquartered in Seattle, WA.
SBUX gets another earnings miss SHORTSBUX on the dialy chart may be another candidate to short while the general market remains
challenging in the face of the loss of anticipated rate cuts and ongoing geopolitical risk.
SBUX has been trending down for nearly six months and the earnings miss add emphaisis to the
trend. At this junc
Startbucks Short OpportunityIf the price go up to 99, I will sell Starbucks, we are in a bearish move, breaker block has been confirmed, It just need to take last liquidity in the Balanced Price Range to move downside.
Starbucks Faces Stock Slump Amidst Global ChallengesStarbucks ( NASDAQ:SBUX ), the renowned coffee giant, is weathering the storm as its stock takes a steep tumble following a downward revision of its annual forecasts. With shares plunging nearly 14%, concerns loom large over the company's future trajectory.
The primary culprits behind Starbucks' wo
SBUX Short Idea - Multiple Fib extensions convergingSBUX looks set to start a wave down to around $83 after a sideways ABCDE correction:
- 1:1 extension of the move down from 16 Nov 2023 to 17 Jan 2024
- 1:1 extension of the larger move down from 1st May 2023 to 3rd Oct 2023
- $83 is also strong support from previous consolidation in 2022
$SBUX Trending channelNot financial advice.
NASDAQ:SBUX will see if it gets rejected for a positive bounce at the bottom of the trending channel witch will align with the monthly candle on the first yellow line. if fails to do so next yellow lines will be the targets.
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Starbucks Joins Forces with Podback for Coffee Pod RecyclingIn a significant stride towards environmental sustainability, Starbucks ( NASDAQ:SBUX ) has announced a groundbreaking partnership with Podback, a leading coffee pod recycling initiative in the UK. This innovative collaboration aims to revolutionize the way coffee lovers dispose of their used pods,
$SBUX Major Trendline BreakdownSimilar to my NASDAQ:TSLA post , Just "Line Lessons 101" , This breakdown to me is significant.
I think from 2020 to 2024 consumers have "had" to learn to make coffee at home to save $$$...
SBUX might be "Barnes and Nobles 2.0"
Wouldn't buy for a LOOOOONG TIME...
SBUX Elliot WXY Double CorrectionSBUX continues its decline, which started on May 2023 at $115.48. It may be currently making the Y wave of the Elliot WXY double correction.
I expect this correction to continue until the range of $77.5-$83. I think this price range will be a great buying opportunity for SBUX when looking at the
Starbucks... bang the recesssion gongAlways said, when. starbucks fails, discretionary spending over, recesssion here, end of $10 coffee, people making their own. .
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