1. SBUX faces strike by union members, termed 'Red Cup Rebellion'. 2. Stock touched recent peaks, showing signs of recovery. 3. Technical analysis indicates a false breakdown pattern. 4. Union demands include higher wages and better working hours. 5. Starbucks claims only 4% of partners are in the union.
Despite the strikes, positive technical indicators show potential for upward movement. Historical data shows false breakdowns often lead to significant price increases.
Ongoing labor issues could heavily influence investor sentiment and operational costs for SBUX. The technical analysis indicated a strong potential for upward movement despite risks.
Recent technical movements suggest an immediate trading opportunity. The outcome of ongoing negotiations may create volatility in the near term.