Starbucks CorporationViés de baixa
An over-reaction or a major trend reversal?
With the significant 2-day decline on high volume, combined with the breach of the often-tested $53 area of support, SBUX seems to have begun a major reversal.
In the absence of any positive news in the near future, I see a continuation of the downtrend towards the next support level of about $43.70.
SBUX seems to have begun a major reversal. In the absence of any positive news in the near future, I see a continuation of the downtrend towards the next support level of about $43.70.
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