Why Starbucks is a great investment opportunity

1月2日

Starbucks, the renowned coffeehouse chain, has become a household name for many people across the globe. With over 30,000 stores in more than 80 countries, Starbucks has established itself as one of the leading players in the restaurant industry. Its strong financial performance and impressive growth potential have made it a hot pick for investors looking to invest in this sector. In this section, I will analyse Starbucks’ weekly timeframe by wearing the supply and demand imbalances glasses. As supply and demand traders, we do not need to understand the company’s forecasts and financial performance to analyze its growth potential. We only need to know where the imbalances in price are on a price chart.

The stock is currently trading at $96 per share. It’s very close to a strong demand imbalance sitting at $94.19. We expect the stock to rally to $104 and much higher.