SamSuka
The Long Investor
The Long Investor

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$SBUX

$SBUX needed to take a direction as it moved tighter into the wedge and their earnings miss decided their faith.

Clean breakdown from this wedge now and approaching the blue line next at $68, a break below this line and it has made a new 3 year low and goes into the the Buy Zone.

No rush to buy here, support needs to come first and this may need a few earnings reports to recover confidence.

$SBUX

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