SBUX: mid term bear market preparation
This stable movement should continue. Their sheer size should be able to sustain but I doubt growth will be possible, as the consumer will do less during times of tighter budgeting (again assuming 8 - 14 months of overall bearish movement) .
Stable above 42.07 as the lowest point I expect should / could test inside the next 10 months, below this point would be very bad for the chart and could stunt it's 5 - 10 year development without a catalyst.
I am more confident with this above 57.6
Stable above 42.07 as the lowest point I expect should / could test inside the next 10 months, below this point would be very bad for the chart and could stunt it's 5 - 10 year development without a catalyst.
I am more confident with this above 57.6
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