SBUX is hitting the resistance of the upside of ascending triangle.We can clearly see the volume is getting lower which means it has a higher possibility that it might fail to have a breakout.
Fundamentally speaking
SBUX is a seasonal stock.It might have a pullback while summer is arriving.
For self-education use only. Not financial advice.
Trade closed: stop reached
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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.