Looking to see if SBUX can hold the next line of $68.90. If stock falls through neckline, look for stock to fall to resistance of around $66.
Comment:
Looks like SBUX neck line of $68.90 may hold as support. There is strong rejection twice now at $72, however lets see how to stock reacts when that price is tested again.
If you look at the Slow Stoch momentum overlay, it bounced off of the 25 level, suggesting a bullish uptrend.
Will keep you posted with updates as they come.
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If you look at the Slow Stoch momentum overlay, it bounced off of the 25 level, suggesting a bullish uptrend.
Will keep you posted with updates as they come.