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MarketIntel
Mar 22, 2024 3:05 PM

Starbucks: Ready for the descent? 🧗🏽‍♀️ Short

Starbucks CorporationNASDAQ

Description

The Starbucks share price has fallen again in recent weeks and has now approached the important support level of $89.28. Primarily, we expect the turquoise-colored wave B to continue its corrective rise before starting its final descent to the green target zone between $86.38 and $68.39. Alternatively, however, it could already be working on this descent should it slide directly below support (40% likely).
Comments
NoFOMO_
Good analysis. I can see a head and shoulders pattern forming too
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