PaperBozz

$SBUX - Not done falling could go to $60 area

Short
NASDAQ:SBUX   Starbucks Corporation
Previously I mentioned that I might be interested in taking a position around $73 but I didn't because it doesn't look like its done falling.
I believe it is going to $60 area before finding some sort of support.
What do you think?
Disclaimer: Not investment advice.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines show support and resistance areas.
- Fib lines also show support and resistance areas.
- The dotted white lines show the price projection for breakout or breakdown target.
Disclaimer: Not investment advice.

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