yinhosan
Long

SBUX long swing trade

NASDAQ:SBUX   STARBUCKS CORP
SBUX             DLY has broke the cloud to the upside, waiting for confirmation from the LS (lagging span) which has some resistance at 55.88 and 56.14 but has a kumo twist (weak spot) to go through. We had a very good uptrend this week, we could expect a pullback at the top of the cloud around 55.30 and a bounce off in order to fill the gap at the end of august (orange box). The tenkan sen and kijun sen are still pointing to the upside meaning that prices tend to rise.
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