SBUX Starbucks Weekly Chart

SBUX Down 6% in after hours trade to $55.97 after reporting disappointing Q2 revenue numbers.

Add increasing competition, Starbucks’ leftist political slant, and their raising prices on existing products and one has to wonder if they are starting to lose favor. On the SBUX chart if prices can get below those two blue trendlines a short opportunity could be in the works. Stay tuned…

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SBUX Starbucks Weekly Chart
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