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Technical outlook of SBUX (Starbucks) stock chart
SBUX has been in a decline recently. However, it is finding support at the daily 200 MA. Usually a very good reversal area. A possible daily ascending triangle might be forming as well.
If it can breakout above this pattern and go above the 50 MA then it is possible for it to start a new uptrend.
Jan 18, 21 10:34 AM
New chart lesson for the 3rd week of January 2021. Hope you can benefit from this.
Jan 04, 21 11:30 AM
In this week's chart lessons, we will have a look at bitcoin and other charts.
Dec 29, 20 07:47 AM
We should continue to be bullish on the S&P 500 as a weekly bottoming tail forms in this uptrend.
Dec 22, 20 09:27 AM
The SPX is still in a nice bullish uptrend, with it staying above the rising 20 MA and 50 MA.
Dec 15, 20 09:53 AM
December 14 2020 will go down in history as one of those moments where 2 sets of electors emerge for swing states in the US Presidential Election.