yinhosan
Long

SBUX swing trade opportunity

NASDAQ:SBUX   STARBUCKS CORP
SBUX             DLY prices have broke the cloud to the upside ( bullish ) but have some resistance at 55.88 and 56.14, waiting for confirmation from the lagging span which has closed below its resistance as well 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).
Trade closed: target reached: As we said, it opened lower the next day and we get a nice bounce off of the cloud and it headed towards 58 2 days later.
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