Here is one of my most explosive setups, the Pinbar. A bullish Pinbar on a HTF chart tells us that sellers tried pushing price lower but failed miserably due to a strong surge in buyers taking control and this is also confirmed by the CVol + The inverse head and shoulders on the LTF (5m). If you look at the 5m charts volume the last bar was much more noticeably...
If you haven`t bought SBUX Starbucks after my last chart:
Then you should know that the rally could continue, in my opinion.
Looking at the SBUX Starbucks options chain ahead of earnings , I would buy the $115 strike price Calls with
2023-4-21 expiration date for about
$2.90 premium.
If the options turn out to be profitable Before the earnings release, I would...
Quality stock, a real company with earning, cash, real problems, not too much problems, and a 46% of potential upside, confirming the end of the down trend with a symmetric triangle.
Starbucks
Shortterm - We look to Buy at 76.22 (stop at 71.07)
The trend of higher lows is located at 70.80. This is positive for sentiment and the uptrend has potential to return. Early pessimism is likely to lead to losses although extended attempts lower are expected to fail. We look to buy dips.
Although the anticipated move is corrective, it does offer...
After touching our price target here:
Starbucks Corporation (SBUX) is in line with earnings expectations:
Revenue: $7.6 billion vs $7.62 billion expected
Adj. EPS: $0.59 vs $0.60 expected
U.S. same-store sales: 12.00% vs 8.90% expected
International same-store sales: -8.00% vs 1.87% expected
The China threat to SBUX is not over yet in my opinion, the U.S....
**Ticker:** SBUX
**Golden Setup Checklist:**
- Above key moving averages (8,21,50)
- TTM Squeezes on multiple timeframes (1h,2h,4h,D,2D,3D,W)
- No Earnings, Dividend Payout in the near future
- Catalyst: Earnings was not bad at all. Multiple analyst have buy ratings well above where the stock is trading right now.
**Ratings And Price Targets as of Nov...
SBUX 2HR TF
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ANALYSIS
Coffee is in high demand, but SBUX is facing inventory shortages (cups, syrups, oat milk) as it continues to reopen locations world-wide. SBUX is already making amends as the company is resuming it's reusable cup program and dropping its summer 2021 drink line up.... This past week SBUX showed some strength to reverse...
$SBUX 4HR Chart
Overall Trending in a nice channel up and sitting near the bottom of the channel, watching for a breakout of the recent downtrend (orange line).
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!
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
