My hypothesis is that SBUX is trending upwards in anticipation to warm weather. I attribute this rise to seasonality.
This is an example of a running flat Elliott correction. A running flat is characterized by two trend lines pointing up.
Not sure if SBUX is ready to takeoff? Take a look at the consumer cyclical sector for further due diligence. This is what I call intermarket analysis.
This is an example of a running flat Elliott correction. A running flat is characterized by two trend lines pointing up.
Not sure if SBUX is ready to takeoff? Take a look at the consumer cyclical sector for further due diligence. This is what I call intermarket analysis.
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