Starbucks at Support - Time to Brew a Bullish Move?

📈SBUX has been moving inside a clean rising channel for years, respecting both the upper and lower bounds with precision.

⚔️Right now, Starbucks is retesting the lower bound of this long-term channel, a zone that has historically acted as a strong support (blue arrows).

As long as this area holds, we will be looking for trend-following longs, aiming for a continuation toward the mid and upper boundaries of the channel.📈

Nothing is confirmed yet, but this is exactly where buyers have stepped in many times before.

If the structure holds, the next bullish swing could already be brewing. ☕️

Do you think SBUX is ready for its next leg up? Share your thoughts below! 👇

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr