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.
I'm keeping this one simple with just one price target, albeit a relatively lofty one, at 43.82 so should this trade play out, I would expect the holding period to be measured in months, not weeks. The suggested stop will be on any move above 55.62 with a Suggested Beta-Adjustment of 1.0 (i.e.- a typical position size, no adjustment needed).
A solid weekly close below this extended multi-year price channel will greatly increase the odds of a move down to the 41.60 area (10-year weekly chart below).