Starbucks: ⬆️ Buy
– Starbucks broke resistance area
– Likely to rise to resistance level 110.00
Starbucks recently broke the resistance area between the resistance levels 101.40, 104.20 (top of wave 1 from January) and the resistance trendline of the weekly up channel from last year.
The breakout of this resistance area accelerated the active short-term impulse wave 3 of wave (3) from last November.
Given the strong daily uptrend, Starbucks can be expected to rise to the next resistance level 110.00 – target for the completion of the active short-term impulse wave 3.