TraderMentality

$SBUX coil / bull flag

Long
NASDAQ:SBUX   Starbucks Corporation
$SBUX daily resembling a coil around POC, but also a bull flag-like structure into wedge support and a .618 retracement.

A little room to downside, but see a move up over the long term if it can recapture the 50 and 200 MAs.

Damn good coffee too :)

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