Timonrosso

Starbucks heading to the sun to $113.42!

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NASDAQ:SBUX   Starbucks Corporation
Cup and Handle on Starbucks formed, broke up and out of it and is heading up.
The moving averages are super bullish 7>21>200
Target $113.42
CONCERNS:
The handle has formed gaps which is not good for TA as gaps close 70% of the time. This makes it a Medium probability trade where I only risk 1.5%

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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