A key Bearish Flag has formed on SBUX. Analyze the breakout level now.
Bearish continuation if preceding move was down.
SBUX is showing interesting structural developments at $100.65. Currently at $100.65, the asset is showing upward momentum (0.83%). Algorithmically, a Bearish Flag structure has completed. The trend indicator is reading 7.5/100, suggesting moderate momentum. A potential breakout level is identified at $93.64, targeting $70.5 with support near $103.69 (R:R 2.3).
What is your outlook on SBUX?