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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.