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Sublime_Trading
Jul 28, 2019 5:56 PM

Starbucks Gaps Up Long

NASDAQ:SBUX1D
Starbucks CorporationNASDAQ

Description

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Last post: July 13th 2019.


Review: Price was trending up nicely.

Update: Due to earnings, price has gapped up showing further strength.

Conclusion: We want to see if the gap will be filled or whether price continues to create new all-time highs

Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!

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Trend AnalysisChart PatternsTechnical IndicatorsstarbucksSBUXStockstrendtradingsublimetrading
Comments
j1nx7ek
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Gap was certainly filled at around 91, after a period of consolidation, but it didn't make any new highs. Patience.
Nirsh
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Do you have any comments about gap will be filled ? I think it will come around 91 before make new high
Sublime_Trading
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@ronitsam, If the gap is filled we may still see price move back to the upside.
If the gap is not filled and breaks above the previous high, then that will indicate nice momentum to the upside.
Sublime_Trading
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@ronitsam, You can also have a look at our tools here which helps our trading community trade these breakouts
uk.tradingview.com/u/Sublime_Trading/
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