Starbucks Long

Updated
SBUX looks good to accumulate here in the blue box.
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Longed here at 72.50
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Activist elliott just announced a big stake in SBUX I think SBUX will trickle up to around $110 from here over the next year.
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SBUX will do very well even in a recession.
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Could chop here a bit but target is unchanged at $110.
Trend Analysis

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