Hubert Senters here.
Let’s take a look at Starbucks. Stock symbol is SBUX. Nice little breakout here. Had a nice little pullback into the cloud. Never really got below it much. I mean it had one day of a close right there. Let me zoom in here. Here we go.
So you had a little bit of a sell off but not a ton. I mean it went with the market one day closed below and that was it. And then basically it stayed in the cloud for about a month. And now it’s breaking out.
It had some overhead resistance right here like $69.24 but looks like it’s going to get through that. So I would say the next targets are going to be north of $75 on Starbucks so if you don’t have Starbucks in your watch list of long things I recommend that you put it there
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Good luck. Hope it helps and I’ll see you on the next video.