Starbucks - 30d expiry - We look to Buy at 97.62 (stop at 94.94)
The primary trend remains bullish. 97 continues to hold back the bears.
Bespoke support is located at 97.50.
96.17 has been pivotal.
Offers ample risk/reward to buy at the market.
The daily chart technicals suggests further downside before the uptrend returns.
Our profit targets will be...
If you haven`t sold the Exposure to China news:
or reentered the past earnings:
Then analyzing the options chain and the chart patterns of SBUX Starbucks Corporation prior to the earnings report this week,
I would consider purchasing the 100usd strike price in the money Calls with
an expiration date of 2023-9-15,
for a premium of approximately $4.50.
If these...
SBUX fell going into earnings in early May and continued down all of May then pivoting
into a slow climb on this 2H chart through the lower anchored VWAP bands until the present
where it is about to cross the mean VWAP lines as signaled by an engulfing green bar after a
Doji. The dual time frame RSI lines have both near the 50 levels with the lower in green...
macro: snp500 QQQ uptrend
News: inflation flattening
TA : side way , break the swing high for entry, weak trend hence credit spread
Stop, rolling til out of money
SBUX has an interesting opportunity if it can get about the previous week's high, which is right at the month's 50% Fibonacci level. Historically, there is a very good chance for range expansion past the previous month's high if the month's 50% will act as support.
SBUX gave the perfect automatic re-entry after tagging the mid-point pivot and returning to our original entry. Following the rules and reloading would have already ensured you now have your full investment lots, risk free. With no downside other than a $0 gain potential it's a good chance SBUX goes for it's $118.74 target.
Based on how it pivoted down straight...
According to Wikipedia ...
"As of November 2021, the company had 33,833 stores in 80 countries, 15,444 of which were located in the United States. Out of Starbucks' U.S.-based stores, over 8,900 are company-operated, while the remainder are licensed.
The rise of the second wave of coffee culture is generally attributed to Starbucks, which introduced a wider...
Price is sitting on a strong support but also was rejected from the broken uptrend. We may say another bounce but on the other hand is very probable that price opens with a gap down soon. I just bought some puts (are very cheap now) strike $97 expire 07/14.
NASDAQ:SBUX I was intrigued by a bear case and decided to take a look at it. Currently sitting on a FIB and anchored VWAP. If $95 breaks, it can head to $84 to $83 area, which is also a FIB and an anchored VWAP support.
$91 and $88 area could provide a reasonably strong support.
If $84 fails, it can check back the multi-year trend line around $76 - $72 area....
SBUX - Head & Shoulder Top Formed and Target 80
SBUX has formed a H&S top. Today it broke the 96 shoulder support area.
The stock is in a downtrend now. Further downside will target the 80 area.
However, back over the 200 day MA will negate the downtrend.
Starbucks has staggered since late 2022, and now traders could see risk of a push lower.
The first pattern on today’s chart is high-volume bearish gap on May 3 after the coffee chain issued weak guidance. The stock held it 50-day simple moving average (SMA) for about two weeks after the drop, then continued lower to its 200-day SMA.
SBUX spent about five weeks...
Low of D Crossed. ABCDE >1.0Fibtime of A, thus highly likely for entire B Wave completion. IOf this is true, then expecting an impulsive descent down. It is interesting to observe how Fibonacci ratios coincide with levels of candlestick support/resistance. It is a well described phenomenon that is once again apparent here.
We are not in the business of getting...
Starbucks has been trading between 96-113 for months now and recently Starbucks has pulled back under 100 to its support level of 96. On the Daily chart we see that every time it has touched this support it has bounced back up towards at least the 100 level.
This could be a good entry for a call into the next couple weeks/within the next month.
If the support...
