Technical Analysis Of Starbucks Corporation - Monday, July 31
Hello Traders and welcome to AAATrade’s Intraday Technical Analysis session.
Today’s instrument is the Starbucks stock traded in Nasdaq under the ticker (SBUX).
Looking at SBUX’s chart, we can see it was lastly traded at around $101.25.
Tomorrow it is announcing its quarterly earnings and if the market’s anticipation is positive, then today we could expect it to rise towards its resistance level at around $106.80, otherwise it should drop towards its support level at around $99.
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