Starbucks Corp. bullish scenario:
The technical figure Channel Down can be found in US company Starbucks Corporation (SBUX) at daily chart. Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves. As the world's largest coffeehouse chain, Starbucks is seen to be the major representation of the United States' second wave of coffee culture. As of September 2020, the company has 32,660 stores in 83 countries, including 16,637 company-operated stores and 16,023 licensed stores. The Channel Down has broken through the resistance line on 06/11/2021, if the price holds above this level you can have a possible bullish price movement with a forecast for the next 13 days towards 120.19 USD. Your stop loss order according to experts should be placed at 104.02 USD if you decide to enter this position.
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Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
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