We'll see if price holds at the current level/top of the purple area. I really the price levels I have marked in purple. Interesting levels with previous resistance and support.
There is also a nice gap that could fill @ $89.38/bottom of the pruple area. If the trend breaks the current price next week, I guaranntee that gap fills. We may even continue towards the 200MA.
I personally hope SBUX continues to fall closer towards the 200MS to get some better value for swing/longer hold and collect the dividends along the way.
Thanks,
ENJOY!
There is also a nice gap that could fill @ $89.38/bottom of the pruple area. If the trend breaks the current price next week, I guaranntee that gap fills. We may even continue towards the 200MA.
I personally hope SBUX continues to fall closer towards the 200MS to get some better value for swing/longer hold and collect the dividends along the way.
Thanks,
ENJOY!