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For today's chart we've chosen to take a look at SBUX because it has fallen below the combined support of the 200 DMA and the lower trendline of an Andrew's pitchfork. As you can see from the chart below, today's 3.7% drop may be used by the bears as a signal of a further move lower since it is now trading below the former support levels. We would expect to see the $34 level to now act as strong resistance when the bulls try to push the price higher again.


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