Starbucks: Is Time For Coffee?
New CEO Sends Price Surging
Good Morning Traders,
Starbucks has a new CEO—could he be the savior the company needs? He certainly worked wonders at Chipotle, and it seems like Starbucks investors are equally excited to have him on board. Right now, we’re looking at a potential opportunity to go long with a very favorable risk-to-reward ratio. Of course, I always recommend doing your own analysis, but here’s what I’m seeing: I’ve outlined my targets to the upside and identified a tight stop level to minimize risk on the downside.
If you find this analysis helpful, please like and restack this post. Let’s conquer these markets together!
Cheers
Ryan Bailey
VICI Trading Solutions