This right here is a weekly time frame analysis that indicates a drop in price.
As shown on this chart, our area of support is highlighted with the green trendline. Price tested this area both in 2018 and 2020.
Price got rejected at the all time high price at $125.69 and price is dropping to this support zone.
This right here is another confirmation on a 4hrs time frame that proves that we are in a downtrend and Starbucks corporation stocks will fall.
Therefore, I expect a fall by 28% from the current market price to $51.
Not a financial advice
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