$SBUX
Added 2025-04-30 11:05:37 +0000 UTCER came out after the market closed yesterday and it was a double miss, meaning they have missed 5 times out of their last 6 ER's now.
Which will explain how the share price continues to stay in this long triangle since 2021.
Price is now below the 50 and 200 Day MA and a retest of the bottom support line will be likely next
Price needs to stay in the triangle or tough times will be ahead and a drop below $68 is possible.
$SBUX is still not a buy from me, as I have said for some time now, there is limited growth ahead I believe there are better opportunities in the market right now.
Comments
Sold in 2021, not mad about it
Willy G
2025-04-30 13:24:40 +0000 UTC
