rauan

Starbucks in an expanding triangle

Long
NASDAQ:SBUX   STARBUCKS CORP
SBUX holds above weekly support line from Apr .2012 currently at 54.00. Same level is confirmed with dotted green line from Oct'14 low 35.38.
The stock is likely to move within green expanding triangle, having support area 54-56 (perspective buying zone) and resistance from 68 (Dec'15) to 76 ( Apr .16).

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