The Long Investor
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$SBUX
🕑 Added 2025-02-28 20:49:55 +0000 UTCBringing this back to your attention because we have a very clean breakout of a 4 year wedge top line and a retest of the level followed by a bounce
This is also in Wave 3 with the target at the 1.618 Fib at $137
There appears to be very little in the way of $SBUX now and the $137 level
If you like $SBUX and want to add, I think if you are lucky enough to get another retest of the breakout level at $106 then this is a buy signal once it holds.
Comments
Paul Swatzel
Oh so you see another pullback to 106 first?
Paul Swatzel
I would be surprised without a pullback first. Especially given the political situation in the U.S. with the mass firings of lots of people. Disclaimer I am short SBUX at this level.
