Starbucks is being under heavy selling pressure since the start of September having fallen over -12% since its All Time High. This is not alarming for long term investors as the rise since July 2018 has been extremely aggressive (that aggressive that the Monthly chart is still bullish with RSI = 67.474, MACD = 8.570, Highs/Lows = 8.7721), but the selling isn't...
Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.
Starbucks looks to be trading at a discount and I believe it's ready for a slight pull back here after the daily open spiking up a bit. I assume a pullback to about $85 is likely over the next day or two then a trend continuation...
I see Starbucks followed the market today, I believe the market is settling down and normal fluctuations will occur. Based on previous price action, including candlestick trends I predict SBUX to rise all week and break $90 a share by Friday, 10/4
I am deep into my option contract. 100 contracts for $105 by 11/15, counting on Q4 earnings to blow SBUX out of the water. I believe the remainder of this week will be good for SBUX since volatility has slowed down. Next week technicals are showing strong buys. Looking good all around, this will be a fun ride.
With market volatility dissipating and a big $30M EU court win for SBUX will help drive the price up the rest of this week. My closing price prediction is $92.50. Are you a Starbucks bull? Ready for Q4 this October? It will be a fun ride.
Check out my trend lines, and predicted price movement lines. This is a fun test of my skills. I have been here a week and am still learning. For those of you who have been following me I am a SBUX bull. I have a high stake in an options call for SBUX to hit $105 by 11/15. I am relying on steady growth until earnings and then a killer Q4 earnings. Comment below...
This prediction will be Starbucks stock fluctuation and value by September 30th. A lot of work went into this and I am betting big on an option contract that expires 11/15.
50 contracts for SBUX to be $105
Comment below your bullish or bearish thesis on SBUX
Best place to retake STARBUCKS shares, between 64$ && 67,30$ (fibonacci 61,8% of the last impulse).
El mejor sitio para retomar STARBUCKS ahora, entre los 64$ y los 67,30$ (fibo 61,8% )
#startbucks #sbux #nasdaq #trading #daytrading #investment #investor
Harmonic chart patterns were developed by H. M. Gartley in 1932 and published in his book, Profits in the Stock Market. The Gartley pattern, or Gartley 222 pattern, is one of the most popular harmonic patterns to predict a continuation of a prevailing trend. While it’s similar to the AB=CD pattern, the Gartley pattern contains one more leg.
Last post: August 7th 2019. See chart.
Review: Price gapped up, and started to pull back.
Update: Price filled around 50% of the gap and has started to rise again.
Conclusion: If the bulls can continue to have control then we should see a break of the previous high soon.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up...
I think its a good long. I am bullish bias on restaurants especially SBUX after its China expansion and overvalued sandwich pipeline.
The chart on sbux is a bit hard to read because it had 3 years for accumulation and the price action does look overextended.
(They are selling .30cent coffee for $2-$5 so I think their balance sheet are also good)
Last post: July 28th 2019. See chart.
Review: Price gapped up, showing strength to the upside.
Update: Price has pulled back and has filled half of the gap.
Conclusion: If this pullback has already found support then we want to see if price will break and close above the previous high and $100 round number.
Any comments or questions, do not hesitate to...