SBUX is looking at a potential break to the upside after the stock forms a rounding bottom at the lower gap support of 89.22. Ichimoku has formed a three-bullish golden crossover and momentum is seen returning to the upside. Directional movement index is supporting the bullish strength and Volume is in a healthy expansion.
Should there be any correction, the next support is at 93.88
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.