If the price go up to 99, I will sell Starbucks, we are in a bearish move, breaker block has been confirmed, It just need to take last liquidity in the Balanced Price Range to move downside.
SBUX on the dialy chart may be another candidate to short while the general market remains
challenging in the face of the loss of anticipated rate cuts and ongoing geopolitical risk.
SBUX has been trending down for nearly six months and the earnings miss add emphaisis to the
trend. At this juncture, there is nothing to suggest a turnaround. I am adding SBUX...
Starbucks ( NASDAQ:SBUX ), the renowned coffee giant, is weathering the storm as its stock takes a steep tumble following a downward revision of its annual forecasts. With shares plunging nearly 14%, concerns loom large over the company's future trajectory.
The primary culprits behind Starbucks' woes are twofold: a sluggish demand in the United States and a...
SBUX looks set to start a wave down to around $83 after a sideways ABCDE correction:
- 1:1 extension of the move down from 16 Nov 2023 to 17 Jan 2024
- 1:1 extension of the larger move down from 1st May 2023 to 3rd Oct 2023
- $83 is also strong support from previous consolidation in 2022
With last poor earnings, Starbucks NASDAQ:SBUX generates my favorite long-term signal for potential long-term buying (Bollinger Bands torn & RSI oversold on weekly basis)
If the company gets its problems under control, there could be a reversal soon
After such negative earnings, however, the price still needs to stabilize somewhat
The stabilization of ...
Not financial advice.
NASDAQ:SBUX will see if it gets rejected for a positive bounce at the bottom of the trending channel witch will align with the monthly candle on the first yellow line. if fails to do so next yellow lines will be the targets.
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thanks.
In a significant stride towards environmental sustainability, Starbucks ( NASDAQ:SBUX ) has announced a groundbreaking partnership with Podback, a leading coffee pod recycling initiative in the UK. This innovative collaboration aims to revolutionize the way coffee lovers dispose of their used pods, making recycling effortless and accessible to all.
With coffee...
Similar to my NASDAQ:TSLA post , Just "Line Lessons 101" , This breakdown to me is significant.
I think from 2020 to 2024 consumers have "had" to learn to make coffee at home to save $$$...
SBUX might be "Barnes and Nobles 2.0"
Wouldn't buy for a LOOOOONG TIME...
SBUX continues its decline, which started on May 2023 at $115.48. It may be currently making the Y wave of the Elliot WXY double correction.
I expect this correction to continue until the range of $77.5-$83. I think this price range will be a great buying opportunity for SBUX when looking at the fundamental analysis of the company. After this price range, there...
4/30/24 - vrockstar - tape seems to like these non-ai disruptable names w/ px'ing power, 22x fwd EPS (and growing) seems "cheap" (not really but compared to everything else). good fcf generation. good box open potential. they sell legal drugs. net +ve result here esp seeing the stock float in a bad tape means it's haven.
NASDAQ:SBUX
Looking to long here...
ER this week
Stop on weekly close below 84
Weekly target is top of the descend TL
Things to note: coffee prices are going up, might affect margins
If you haven`t bought the dip on SBUX:
Then analyzing the options chain and the chart patterns of SBUX Starbucks Corporation prior to the earnings report this week,
I would consider purchasing the 90usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $3.15.
If these options prove to be profitable prior to the earnings...
SBUX of late has been in a descending channel and has sloped down heavily in April.
It is now in deep undervalued and overbought territory at the bottom of the channel and
above the 3rd lower VWAP band line. The RSI lines ( both faster and slower) are bearish as
well. My trade plan is to watch Starbucks for a reversal which may be signaled by
bullish...
The Starbucks share price has fallen again in recent weeks and has now approached the important support level of $89.28. Primarily, we expect the turquoise-colored wave B to continue its corrective rise before starting its final descent to the green target zone between $86.38 and $68.39. Alternatively, however, it could already be working on this descent should it...
A big price jump is expected Tuesday for SBUX. Based on candlestick analysis you can see at the bottom of the chart the first dashed line which is support. The green line above that is resistance which SBUX broke through today. The third green line at the 92.78 price line is the next level of resistance which SBUX has to go through in order to break out. We...
Starbucks continue to break through resistance. I was told it would not go up today by a user and they were incorrect. We had a nice 1% gain today and I am expecting SBUX due to rise again tomorrow based on the candlestick trend breaking through resistance 2. It will have no choice but to go up and test resistance 2. Even if resistance 2 isn't broken it will at...
