Buy Starbucks ladies and Gentleman. I have a couple good reasons to invest in Starbucks as I will be myself.
1. Starbucks Weekly and Monthly Bullish Triangle Formation, and Bullish Harmonic Bat Pattern
We can see an (ABCDE) correction, and Starbucks has already popped 7 percent from this universal trendline. The Bat pattern on the weekly chart inside of this triangle indicates a strong momentum shift.
2. Major Support with confluence of Divergence - On the 4-hour RSI, from December 5th, 2023, to the current exhaustion gap, there is bullish divergence. https://www.tradingview.com/x/YnfO1P2T/
3.Exhaustion Gap -The obvious thing after a gap happens is to fill it. With that being said, the 4-hour chart shows what looks to be an exhaustion gap, which would indicate a potential reversal area. This could also give longing more momentum as sentiment changes. https://www.tradingview.com/x/47eBxTP1/ 4.Summer It technically starts in the USA on June 20th :D
5.Coffeeeee Coffee looks to be bullish :D https://www.tradingview.com/x/0EdgFDny/ (Things can always change due to Geopolitics!) But I do think we will get a decent long at least.
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