(SBX) Starbucks Corporation to drop by 28% from $71 to $51

(SBX) Starbucks Corporation to drop by 28% from $71 to $51

#SBUX Update

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.

Starbucks Corporation to drop by 28% from $71 to $51 - 1

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.

Starbucks Corporation to drop by 28% from $71 to $51 - 2

Therefore, I expect a fall by 28% from the current market price to $51.

Not a financial advice

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Peter Adepoju

Peter Adepoju

Peter Adepoju is a certified Accountant. A full time Forex/Crypto Trader & Market Analyst. 
He is known for forecasting correct and up-to-date insights and analysis on various coins and tokens in the cryptocurrency market. 
Peter trains newbies from scratch to expert level in technical analysis. He also provide regular analysis and signals with best entry and exit prices to individuals and corporate entities across Africa, Europe, Asia, and the world at large. 
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