We can see from the chart that around 90 dollars is a major resistance level where the price action fails to go below substantially (hovering at 84 dollars) but fail to break above the 92 dollars........
With inflation soaring higher in food, transportation, gas, etc , are people still drinking their coffee at Starbucks as frequently as before ? Or will they cut down?
Some argued that drinking coffee is addictive and once the customer base is there, they will not go away.........Others said that competitors are fighting for the share of coffee market with the 3-in-1 instant coffee which is much, much cheaper compared to a cup of latte in Starbucks.
But, city dwellers - will they have the time and luxury or they prefer the convenience of their latte from Starbucks ?
What do you think ?
With inflation soaring higher in food, transportation, gas, etc , are people still drinking their coffee at Starbucks as frequently as before ? Or will they cut down?
Some argued that drinking coffee is addictive and once the customer base is there, they will not go away.........Others said that competitors are fighting for the share of coffee market with the 3-in-1 instant coffee which is much, much cheaper compared to a cup of latte in Starbucks.
But, city dwellers - will they have the time and luxury or they prefer the convenience of their latte from Starbucks ?
What do you think ?
Comment:
www.cnbc.com/2023/05...2-2023-earnings.html
Comment:
97 price level seems like a good support level before it rebounds. Let's wait
Comment:
Hmmmm, the closing price indicates a possible trend reversal soon. Shall wait for more bullish confirmation before adding on.
Read this article www.shine.cn/news/metro/2306013793/
Read this article www.shine.cn/news/metro/2306013793/
Comment:
added some last night, we see some strong support around 96 price level
Comment:
The chart shows an interesting pattern. If one were to invest in Nov last year and got frustrated because all his profits vanished out of thin air as it collapses again in Oct/Nov this year and sold away will only bang his heads on the wall as it just as quickly rebounded to current price level of 107