Starbucks Battling its 200d Moving Average
- Starbucks fell this quarter on a negative earning surprise - a business which was hit by the Coronavirus.
- Technically it's recovered quite well from its lows and is set to battle its 200d MA. Its failed once already and is now bouncing off its warning line.
- We would be buyers at the below demand zone around $66 - otherwise a breakout from its 200d MA would present an breakout buy point. We expect the stocks to falter at the above supply zone - but Starbucks is a great long term business and could be a great asset to add to your portfolio.
- Technically it's recovered quite well from its lows and is set to battle its 200d MA. Its failed once already and is now bouncing off its warning line.
- We would be buyers at the below demand zone around $66 - otherwise a breakout from its 200d MA would present an breakout buy point. We expect the stocks to falter at the above supply zone - but Starbucks is a great long term business and could be a great asset to add to your portfolio.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.