1
SBUX stock price shows a falling parallel channel and is trying to smash the 20-day EMA.
2
Buyers are trying to regain the momentum and attempt a pullback.
Starbucks Corporation (SBUX stock) price was trading close to the 20-day EMA and showed a retracement from the top of $115. Recently, Q1 earnings triggered negative sentiments after which SBUX stock continued to lose gains, reversed from the top, and slipped below the round mark of $100, indicating selling pressure in the past weeks. Furthermore, the SBUX stock price is near the channel lows, attempting to surpass the 20-day EMA to regain momentum.
SBUX share price is now at a make-or-break zone of $90, which needs to be sustained for a reversal and leads to healing the bulls, whereas on the flip side if it slips below it, it will retest the neckline of $75 soon. As per the options chain, at the strike price of $95, a massive open interest of 579 hundred shares on the call side shows a strong resist
We współpracy z: https://www.thecoinrepublic.com/2023/10/07/starbucks-sbux-stock-attempts-pullback-will-sbux-retain-100/
