Starbucks had a good quarter in Q2 despite widespread shutdowns in its second-largest market, China. The company reported $8.15 billion in net revenue for a gain of 8.7% over last year which beat the consensus by $0.02 billion. The beat is slim but compounded by strength in the largest market, the U.S., and new store openings. On a comp basis, the global comp is...
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
SBUX getting some real good buying volumes in the base. most of the consumer services companies been doing good last week or so and some names have already broken out like MCD, WEN. SBUX might follow them. Above 80, looking at
PT : 83.80, 85.60
SL : 78.60
Part I. - Opening Statements:
Two things that I like about Starbucks:
1) The coffee is pretty good and the holiday special drinks are amusing
2) Much more importantly, SBUX has some of the most reliably clean bathrooms among all public places
Two things that I dislike about Starbucks:
1) Their naming convention for beverage sizes is illogical and...
As we know dxy would bullish again and again because rate hike 75bps ,
but last night sxy got correction , so we could take long potition .
entry buy : about 73.90 - 74.04
take profit : 83.15
stop loss : 70.80
Have You Ever Dropped a Starbucks Coffee?
After you dropped your coffee, did the coffee cup pick itself back up? LOL!
Well, I've identified a falling wedge pattern on SBUX daily and four hour charts. Perhaps it will pick itself up from the "drop".
*This is not financial advice.
If you like this trade idea, please share your favorite Starbucks drink...
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink...
I like SBUX because it's cheap lol. The key here is to get several contracts. It's especially juicy on a Friday if it moves as contracts are even cheaper. 3-2 setup on the day. Can be a continuation or reversal. Levels marked both ways but I'm mostly bullish. TFC is green however the 2d reversal on the week could change that. I drew one downtrend bf to see if it...
Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on June 1, 2022 with a closing price of...