DoujinStars
The Long Investor
The Long Investor

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$SBUX

Bringing this back to your attention because we have a very clean breakout of a 4 year wedge top line and a retest of the level followed by a bounce

This is also in Wave 3 with the target at the 1.618 Fib at $137

There appears to be very little in the way of $SBUX now and the $137 level

If you like $SBUX and want to add, I think if you are lucky enough to get another retest of the breakout level at $106 then this is a buy signal once it holds.

$SBUX

Comments

Oh so you see another pullback to 106 first?

Paul Swatzel

I would be surprised without a pullback first. Especially given the political situation in the U.S. with the mass firings of lots of people. Disclaimer I am short SBUX at this level.

Paul Swatzel


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