$SBUX
Added 2023-09-06 12:22:59 +0000 UTCContinues to look weak here and has done since failing to stay above the wedge yellow trend line at $105.
We can see now that the price has lost the 50 and 200 Day MA and the 50 has crossed down through the 200 Day.
The 50 Day has also acted as a resistance line too.....further highlighting the downward trend.
Steer clear of this for now.
The buy zone is below $68 and will offer significant value here.
