$SBUX - Inverted Cup and Handle
The chart shows the clear inverted cup and handle formation for SBUX. The price is already in downtrend with company struggling with boycott and fierce competitors in coffee beverages industry.
The confirmation for this setup to play relies on $72 level. If breached, things will get ugly for SBUX.
Not a financial advice
The confirmation for this setup to play relies on $72 level. If breached, things will get ugly for SBUX.
Not a financial advice
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