Starbucks has been trading in an ascending channel since mid June.
Blue line is a long term resistance, there is an opportunity for some small profits in a short period of time.
Also, Fundamentally there is the up coming pumpkin spice / holiday season which could give a boost to the stock.
The stock has been hyped up quite a bit latley but the chart is showing a triangle between a short term support and a long term resistence.
This long term resistence was tested once before with an alomst identicle pattern in Octover 2016 - see white trend line .
Tempted to go in on some puts here.
