Setup for bounce, headed to 73?
Recent slide in SBUX doesn't seem entirely connected to fundamentals. Signaling oversold, with MACD still pointing lower. Will come into contact with trend and 200d MA shortly. If support is seen around 56.50, seems like a target around 73 is not out of the question. If support not found, may punch down through Feb low of 54, or further still to retest Nov low around 52.
[I am long SBUX.]
[I am long SBUX.]
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