Starbucks Corporation Stock Code SBUX.NAS
A price correction was supported by the lower edge of the cloud and price had broken above the upper edge the cloud on 4 February 2021. Last Friday, price broke above an Ichimoku V-shaped structure, which increases the strength of the bullish trend. The Ichimoku V-shaped breakout has a price projection target at $115.78. There was also a bullish gap up last Friday on the breakout, which also increases the bullishness of the trend. Conversion line and Base lines are about to have a bullish crossover. MACD is about to crossover the zero line moving into the bullish zone. MACD is also about to have a bullish crossover, hinting of a bullish price trend ahead.
$115.75 Price Target
$102.50 Risk Management Stop
3 weeks Trade Duration