SBUX bouncing off support
SBUX is bouncing quite nicely off support on the daily chart. It is also forming a flag pattern on its hourly chart. Finally it is nearing the logical end of its monthly elliot retracement pattern. All signs are bullish, and now would be a good time to enter long.
Look for a target of 57.50, but any break of the upper resistance line will trigger a new buying opportunity as this stock will continue shooting up.
Look for a target of 57.50, but any break of the upper resistance line will trigger a new buying opportunity as this stock will continue shooting up.
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