With the coffee commodity still surging, Starbucks remains weak. I am still short a piece of this one inside 12631, taking partial profits earlier in the week.
Still, the daily chart indicates another bear flag in play.
Even though the stock has already been hit and is below all moving averages, the question remains what would surprise the majority.
The pain trade still may be lower. I am considering adding back to my short under $71. Bulls want a push over $73.
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