Starbucks - Expect more downside pressure in the months to come.

(Please click on the chart to see them better)

Starbucks:

 

I'm still lookin for the final confirmation, that we have seen an impoartant top at 82.39. The first good indication will be a break below support at 75.91 and stronger evidence by a break below support at 74.46 calling for a continuation lower towards 53.61 and likely even lower towards 44.73.

 

 

 



Coffee:

Has broken above its long term resistance-line, which indicates a rise in prices towards the 38.2% corrective target at 1.80. A rise like that will hurt Starbuck and will pressure it revenue adding downside pressure on the stock Price.