$SBUX
Added 2024-07-01 14:19:17 +0000 UTC$SBUX remains in the beaten down sector leader category right now, along with $NKE and $PYPL.
Price is now struggling to stay above its 0.618 Fib at $79, where the 50 Day MA is too, making this a strong confluence level, working as a resistance level.
I suspect the drift down will continue and the next target would be the blue line, which was the April 2022 support level.
Under this level we have the Buy Zone, not a buy right now.
