Will Starbucks bounce off of support?
Starbucks has been trading between 96-113 for months now and recently Starbucks has pulled back under 100 to its support level of 96. On the Daily chart we see that every time it has touched this support it has bounced back up towards at least the 100 level.
This could be a good entry for a call into the next couple weeks/within the next month.
If the support fails, Starbucks can head downs towards the 90 range.
This could be a good entry for a call into the next couple weeks/within the next month.
If the support fails, Starbucks can head downs towards the 90 range.
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