Starbucks (SBUX) preview for March 30, 2015

Days of indecision for SBUX shares above support offered by the 20-DMA. Thursday’s “bullish hammer” candlestick could signal the restart of the uptrend that led SBUX shares to all time highs on March 19. Last week’s low ($93.66) is the line in the sand for speculative longs. Bullish.

SBUX daily (3 months):

sbux2

Chart courtesy of http://www.StockCharts.com

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