SBUX is now bouncing of a potential support zone - weekly

The weekly timeframe shows, that the price of this stock is bouncing of a support zone. It forms from previous bounces from this zone as shown in the chart. Besides that, we have a bullish engulfing candle last week.
So there is a potential buy opportunity with a 2:1 Risk-Reward-Ratio to the upside.

Enter: 101,87
StopLoss: 95,38
TakeProfit: 113,9

have a great week!

Best regards
Tradinguny

FYI: No financial advice or consulting. It is only my view on the stock and is for entertainment and education purposes only!