SBUX testing significant resistance
Starbucks Corp. (SBUX) presently testing significant resistance, able to absorb weekly buying pressures.
From here, (SBUX) can drop to channel support, eliciting losses of 15% - 20% over the following 2 - 3 months.
Inversely, a weekly settlement above resistance would place (SBUX) into a buy signal where gains of 20% would be expected over the following 2 - 5 months.
From here, (SBUX) can drop to channel support, eliciting losses of 15% - 20% over the following 2 - 3 months.
Inversely, a weekly settlement above resistance would place (SBUX) into a buy signal where gains of 20% would be expected over the following 2 - 5 months.
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