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TheTradingDistrict
Dec 3, 2019 6:56 PM

SBUX - Can we push upwards? Long

Starbucks CorporationNASDAQ

Description

This is just a potential outlook. We'll be waiting for price to approach resistance #1

If price can break through resistance #1, we'll enter buy positions to targets at resistance #2. If price can further break resistance #2 and turn that into new support, there is a good chance that we can see SBUX continuing upwards to its previous highs.

Comments
Invid001
That would be nice. I have contracts exp Dec 06 at $86 strike. The 200 EMA appears to be pointing up and the 20 EMA at 1 hour is also pointing up.
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