Starbucks ( NASDAQ:SBUX ), the renowned coffee giant, is weathering the storm as its stock takes a steep tumble following a downward revision of its annual forecasts. With shares plunging nearly 14%, concerns loom large over the company's future trajectory.
The primary culprits behind Starbucks' woes are twofold: a sluggish demand in the United States and a...
It has to be said that Starbucks doesn't look good at all in the monthly timeframe. If the formation works, it will be possible to see the level of 63 dollars in the summer months. Approaching or crossing the $120 level means formation cancellation.
China represents 45%-55% of Starbucks’ international sales and 10%-13% of aggregate sales!
The U.S. warning China it could face devastating sanctions if it defies the ban on doing business with Russia!
This is a move that could have huge impact on American companies.
My price target for SBUX is $72.
Looking forward to read your opinion about this.
Technical Analysis Summary
SBUX/USD
TREND ANALYSIS
We have 1 Downtrend in red color
We have 1 uptrend in green color
All yellow trends are trends from the past I added the just to show you why starbucks started moving down from the trend prespective.
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an...
Stock Trading in daily Time frame Correction which is expected to end in coming week....stock is good to buy at current levels with SL 105 for 155 in next one year
Love SBUX but time for a cool off. Gap from 2018 has not been filled all the way, rally has been great but all parties end and this might be one of them at least short term.
