Starbucks formed the famous golden cross pattern seven days ago. Now the stock is sitting exactly on both the 50 and 200 MA. A breakdown could send the stock back down to the $75 area. A break above likely has this stock trading in the $100 area before the end of the year. Curious to hear your thoughts on this one.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.