SBUX long on either High Base breakout or Bull Pullback
SBUX Starbucks is significantly strong fundamentally hitting all of our metrics. This is a great High Base pattern in the making which is technically bullish. However, if price action pulls back and the reward to risk ratio is good, I will play a bull pullback trade.
This stock is a buy if it high bases and breaks out past the $89.75 level.
Hope it helps,
Des
Owner of Grok Trade; Active trader for 17yrs
This stock is a buy if it high bases and breaks out past the $89.75 level.
Hope it helps,
Des
Owner of Grok Trade; Active trader for 17yrs