SBUX still holding this trendline and the most recent daily low from Nov 20. Furthermore, still holding above the 200 SMA on the weekly chart, with a lot of time left on the monthly candle. Still waiting on further confirmation or invalidation. I could see this opening lower early in the week so be patient.
SBUX great fake out, test of previous highs, and retest of breakout from channel. Overbought for the day, but holding for the long term. Let's see if we can continue this upward momentum into the end of December.
SBUX long term view, hold unless close below $95.15. Double bottom looking strong while loaded on a volume shelf, MACD and DMA curling too. If invalidated, look down towards $80 to fill the volume gap and hold this triangle formation.