
For uptrend stock like SBUX, this pattern is a good setup for long play. If the price break the resistance of $20.94, we can buy the stock or call option Nov09 strike 21 or 22.
If breakout, the target price is about $25-26. Quite a good reward.
Hopefully the earning season will be good so market can support breakout plays.
Best regards
Snip
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