Replies to post #542 on Starbucks Corporation (SBUX)

[BYUINSDER]

I'm not calling $71.00 as the upside target price, just stating $71.00 as very short term potential level.

First resistance $71.53

Second resistance at $72.25

Open interest in option pits, strike price $72.50

Friday, Inside Day set up.

Break above first resistance level of $71.53 Starbucks has good chance of hitting $72.53

GL

[BYUINSDER]

Last time Starbucks was trading at these levels with bullish inside day pattern, was on Wednesday 2-5-2014

Thursday, it opened with tiny gap, at $70.73 then, pulled back $70.56 then, rose to $72.80

Next two trading days, Friday, Monday, hitting $75.15

Who knows at this point in time, might repeat the bullish movement again this week.

GL

[BYUINSDER]

Went long at $71.41 on the pull back.

So far, we have open gap opening.

GL