$SBUX - RC -
Added 2023-11-03 16:22:47 +0000 UTCImportant junction here for $SBUX, positive earnings yesterday and this has bounced very well.
Right at the wedge trend line now, above this line at $104 and you would expect that the bulls are in control as this is into the bull case....but a rejection here and it is down Wave C.
$SBUX have also announced that they are expanding stores by 14000 over the next few years which would be a welcomed development.
I still believe that $SBUX needs to be more creative and start offering more to their experience, the marker has caught up with them.
Comments
Thanks legend!
Yuri van Huisstede
2023-11-03 16:31:23 +0000 UTC
