SBUX is a retail play that is gaining strength - liking this play in the coming few weeks after saw this recent channel bounce. Eyeing the 108 level for a break out, 110 calls for next month are a relatively cheap play with great R:R.
Here we go again, trying to manage one of the most challenging markets ever. Definitely the most challenging since my trading career started. Bullish Pennant following a 4-month correction interrupting a massive bull run. I am being very selective lately and I only trade when I see very limited risk, with potentially great rewards. This is why I like this setup....
SBUX Bearish wedge and negative divergence on the weekly chart.
Cup and Handle pattern found on SBUX hourly chart ... Please see the notes on above chart
NASDAQ:SBUX (STARBUCKS: SBUX ) - Trend Analysis - 📑Value: 6/20 📈Growth: 20/20 💰Profitability: 14/20 🚀Momentum: 8/20 💸Earnings: 16/20 🖇️Total Score: 64/100 Analysis: Low: $82 Average: $109.53 High: $125 Current: $107.59 Income Statement: Revenue: $23.17B Gross Profit: $4.93B EBITDA: $2.87B Net Income: $664.80M EPS Diluted: $0.57 Cash Flow...
Potential gain:15-20% Reward/Risk:3-4 Timeframe: 1-2 months I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment,nor a recommendation to trade..! Please review my track record and calculate the odds for yourself..! You’re likes and comments encourage me to...
Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee . Based on 24 analysts offering 12 month price targets for Starbucks in the last 3 months. The average price target is $113.11 with a high forecast of $125.00 and a low forecast of $100.00. The average price target represents a 4.70% increase...
Green areas mark the points used to draw the support area. Orange ascending trend line would be the 2nd point of entry which isn't too far from the horizontal support level.
Here we go over our last video to see how out setups ended up and we go over what setups we like for this coming week! Happy trading!
If you are looking at the chart of USD Index (DXY) and compare it with Bitcoin, soon you will realize that from March 20th 2020, USD gets weaker and weaker while Bitcoin getting stronger exponentially. By looking at the growing list of major companies which accept Bitcoin, it is not hard to identify that US Dollar is loosing the ground to Bitcoin. What major...
Today, we will share a clear trading situation we are observing on SBUX. Main items to pay attention to: a) Ascending channel: key structure of the bullish movement b) Support Resistance Area: The price is above this level showing strength on the bullish view c) Flag Pattern: Continuation structure supported on the Ascending trendline + Support...
simple and sweet, Starbucks is ready to run. Looking like it is going to hit 104-106 this week before culling some profits. Trade well and hope you hold some.
Here i go over last weeks video as well as some stocks i'm looking at in the coming week! NASDAQ:SBUX NYSE:MCD NYSE:WMT
NASDAQ:SBUX currently stuck in range, consolidating a bullish flag and waiting for earnings to decide which way it wantst to go.