$SBUX
Added 2024-08-12 11:20:16 +0000 UTCI am seeing too much resistance under the 0.618 Fib at $79 and the 50 Day MA to expect any reversal here just yet, I think it is more likely that a test of the 2022 low at the blue line at $68 is possible before consolidation and moving higher.
I believe $SBUX is in the same category as $DIS, $NKE and $INTC, it is a market leader and will turn around but needs to start showing strength
I would certainly consider adding in the Buy Zone below $68
