Big Price Jump Expected For Tuesday

11. März

A big price jump is expected Tuesday for SBUX. Based on candlestick analysis you can see at the bottom of the chart the first dashed line which is support. The green line above that is resistance which SBUX broke through today. The third green line at the 92.78 price line is the next level of resistance which SBUX has to go through in order to break out. We already had a break out today as labeled since we broke through that second line. We can expect a sharp jump in price within the first few hours of trading before it comes back down. It a second breakout does occur it will likely stay on track with the elliot wave which is a surge to $94 before the end of the week. We should expect pull back as indicated in red. The green lines that are vertical predictions while the horizontal lines are trend lines. MACD and RSI also show room to run further. Please comment your thoughts below. Follow if you like what you see!