SBUX – Starbucks Corp.

Last update June 14, 2019

Two months later, and price has likely completed wave-4 of V, but we may also be looking at a subdividing 3rd wave. For now the monthly chart shows no sell signals or divergences so we should continue to expect higher prices over the near future. As price has reached so high now, there are no more higher pivot points and this makes forecasting the next price target zone less certain. Thus for now, $90 seems possible, but as usual, the higher this goes the larger the risk. Taking partial profits never hurts! Because once wave-V ends, it will be a long way down to $45 or even $15…