Starbucks Opportunities Perks Up
Starbucks (SBUX) seemed to be bulletproof for quite some time. Recently, we finally started to see a deeper downside correction within a larger uptrend in this stock.
I saw this as a potential buying opportunity. There are two standout price support zones that I have identified via Fibonacci price relationships for you on my daily chart in this stock. The first zone comes in at the $55.93-56.63 area. The second zone comes in at the $54.61-55.12 area. So far, the recent low has been made on April 27 at 56.47. This low was made directly into the first price cluster zone. ...498 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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