$SBUX
Added 2024-04-09 12:29:10 +0000 UTC$SBUX is still in its very long wedge which has been in place since April 2020, which is the Covid Low.
The price remains below the 50 and 200 Day MA and the price is about to touch the bottom trend line in the wedge at $85.
Losing this level and the price could have a difficult time over the next few months as it drifts down to the previous low at $68.
Holding $85 and it can continue within the wedge and possibly breakout next.
There is no definite direction here
The price right now is just slightly below its Fair Value.
Comments
seriously considering it now
Paul
2024-04-20 14:55:34 +0000 UTCIf Sbux manages to hold the wedge line and than breakout, we can consider it safe haven right? People always find money for their expensive coffee same as cigarettes and alcohol
Vojtěch Šimeček
2024-04-16 12:07:41 +0000 UTC
