Alright, let’s talk Starbucks (SBUX) on this daily chart—things are getting spicy! The stock just pulled back to that trusty uptrend line it’s been riding since mid-2024, and it’s hanging out right at a sweet Fibonacci retracement zone around $96.25 as of March 13, 2025. To top it off, check the RSI—it’s flashing oversold vibes hard, dipping to 29.1, which is screaming “buyers might be lurking!” That’s three big signals lining up: the trendline support, a solid Fib bounce zone, and an oversold RSI. Together, these bad boys could be the magic combo to give SBUX a breather and some consolidation right here. But will it stick, or is there more drama waiting around the corner? Let’s just say the setup’s looking strong, and I’m keeping my eyes peeled for what’s next!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.