It has been a while for SBUX. On Oct 8, 2009 it penetrated the resistance line but failed to close above it. After that SBUX going sideways for few days. Looks like the stock wait for the good news to break above or bad news to break down.
Today we may have good news to push it up, the good news from INTC & JPM earning.
Hopefully SBUX can go up and close above the resistance line for confirmation up trend.
Best regards
Snip
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