$SBUX - RC -
Added 2023-05-05 18:30:21 +0000 UTCThis was showing a lot of strength leading up to earnings and broke above the wedge, earnings reported and although it was positive, the fundamentals do not regard this as an undervalued company right now. I has assessed that if the chart can pull back to my bear case and buy zone, this would be an ideal price range to buy in.
For now, the value just is not there to enter a position, I think it is a good company, strong brand (coffee is not great but it targets a wider market) so waiting for the buy zone would be the sensible play here.
Comments
looking good so far
NM
2023-05-30 17:37:22 +0000 UTC
