Starbucks is a solid company. They had a nice quarter as of late as well.
1.Cold coffee is on the rise and ready-to-drink (RTD) coffee is a significant category, yet 72 percent of households1 have never tried a RTD coffee product. Starbucks newest RTD innovation, Starbucks® Cold & Crafted, was developed to appeal to this very customer with their...
I have entered a sell on Starbucks -Remember this is not financial advice, if you’re not sure if an investment is right for you, you should always seek professional advice. All investments can rise and fall in value so you could get back less than you invest. Past performance isn’t a guide to the future.
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...
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
Not much data on this company because it has only been publically traded for 3 days but this company will be huge. They make disposable coffee pods that only take 35 days to decompose! This is a huge play compared to current plastic coffee pods. Betting on the sustainability!
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.
Starbucks sitting at my support zone at 83 could see a drop down to 73 if we break below 79. theres a gap down at 79.15 that we could fill within these next few weeks or we could just keep pushing during winter. With winter coming up i see SBUX going up to 95 by December. SBUX has been bullish during the past winter seasons and we could see the same for this year....
I'll say that from a higher viewpoint I'm noticing that there's some nice potential profit margin underneath Starbuck's current price action.
Besides the barrier at the low end of the curve, that $40 level looks promising IF there's a B.A.R. of the $50 price point, but I'm bullish once there's a B.A.R. of the $99. We shall see..
Also, if my analysis help YOU in...
Sbux, as you can see is still in a very bullish price action range. It has fell to a critical level in my opinion, it has to hold this range and move upwards, that would signify some good strength towards the next resistance and support zones. We could see a run up until earnings. This upcoming week will be critical to determine if the trend is changing.