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Market_Psychology
30 Mac 2016 pukul 23.31

Ascending triangle SBUX Panjang

Starbucks CorporationNASDAQ

Huraian

Price on SBUX since the beginning of the year has formed an almost text book ascending triangle. Normally this is a continuation pattern. However, for SBUX this would be a reversal after price sunk from the ATH of $64 to $54. If this triangle plays out like it should look for a 14% pop or price to go to around $67. Of course watch for the resistance at the previous ATH of in $62 -$64 range.
Lebih