SBUX has an interesting opportunity if it can get about the previous week's high, which is right at the month's 50% Fibonacci level. Historically, there is a very good chance for range expansion past the previous month's high if the month's 50% will act as support.
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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.