SBUX - 50 SMA Base and Ascending Triangle Pattern

148
💡 Swing setup idea
Resistance breakout / ascending triangle pattern

🔎 Analysis summary:
The price is hovering around the 50 SMA, but we can spot an ascending triangle forming and pushing close to resistance . The upside potential is projected by the depth/height of the pattern from the breakout point.

👀 Levels to watch:
Entry trigger: Break above $109.25
Target: $124.40
Stop: Under the breakout level

💬 Will the stock break through resistance this time? Let me know in the comments! 👇

Good luck!

⚠️ Note: This is for educational purposes only and is not financial advice.

Exención de responsabilidad

La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.