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.
ALT WAVE C WOULD SEE JUST UNDER 100 IF WE HOLD 103.35
I am posting the major alt wave structure .REASON is the put call model and cycles point to a major panic into mid feb to mid march
Peppermint mochas out of season? oh well Starbucks released 5 new drinks to start off 2021! Now with earnings coming up we could see a nice rally. Sitting at the bottom of my channel here, could see a nice bounce near 101 and break of the recent downtrend line to retest ath, break over 107 I can see 110. Trading plan annotated in the chart!
I AM BOING LONG A 33% NET LONG ONLY IN SBUX BEST TRADES GREAT AND SAFE WEEKEND WAVETIMER
Just broke out of weekly resistance. Last time this happened, it went 4x (where we are rn). If no lose high 80's prob gonna keep going. Green areas are targets. Timing? I have no idea but unless people stop drinking coffee, im pretty sure your grandkids gonna be glad you bought.
watch for double bottom formation on SBUX
under 100 would invalidate this idea looking for a break above 103 and hold above that for an entry. Safe play: 105C for 1/15 has the best liquidity for otm contracts nothing for 1/8 is appealing to me Lotto/ day trade: 12/31 105C .13 (highest oi contract for otm weeklies) all weeklies for this have low volume
Bullish Over: 103.99 Price Target: 107.45 Stop: 101.58 Contract: 01/15 105c
Not advice, just my opinion. Back down to $100 to the 8day MA. SBUX NASDAQ:SBUX
$SBUX possibly looking to make new highs coming out of this ascending triangles.
Here is my daily candle stick prediction for SBUX. I will continue this segment as long as I am following SBUX and actively trading. This is a prediction and not a guarantee. Please check out my SBUX to $88 before earnings technical analysis. A fundamental analysis is in the works! If you are watching Starbucks then follow this account as I will be actively...
Starbucks could be heading to the top of the channel but the speed/momentum at which it is doing so looks like due for a correction. Currently the price point looks to be at 1.618 of wave 1 which is an ideal resistance point for some correction. But, if it were to continue its momentum which is likely then the purple box is the next target point which is both a...
☕ SBUX ☕ SBUX had a nice bull run last week topping out around @85.30 Holding above @83.50 and SBUX will have a high chance to break last's week's high. Above @85.65 and we'll find @87-88 On the downside, failing to break @85.30 and we'll most likely pullback to @82.50's, @79.50's, then rock solid support @77.15