The Long Investor
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$SBUX
🕑 Added 2025-02-04 11:54:13 +0000 UTC$SBUX has retested the 4 year old wedge line from above at $105 and has passed the first test and bounced, if the price continues to hold above $105 and the bulls are locked in control here and Wave 3 is confirmed up to the 1.618 Fib at $137
$SBUX are apparently reducing the number of items on their menu to make it more streamlined and efficient, this will likely reduce costs and give them more leverage with suppliers
I can not be bearish here holding above this wedge.
Comments
slappindabass
There's a huge earnings gap last quarter that needs to be filled to the downside as well.
