It appears to me that SBUX (Starbucks Corporation) is about to get their beans roasted in the coming months. While SBUX has some final "last straw" support around 52.70 which could hold, my read on the charts is that it is only a matter of time before the stock breaks below this descending triangle pattern & is likely to do so on a swift move. As such, SBUX will be added as an Active short trade here with a more conservative entry on a move below 52.70.
SBUX Trade Setup & Entry
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