Stagflation SBUX

28 dic 2021Starbucks is and will continue to suffer amid economic and employment issues. Several of their locations are observing reduced hours, and the ones who are not are seeing less traffic. This is a result of their customers tightening their budget. Starbucks usually has a good holiday presence but this year these factors have shown weakness. After testing 117 twice now, we seem to be testing it again. Expect action upward into the new year, though short levels of (I)114 and (II)108 are present.