Starbucks (SBUX) is showing significant potential for upside, with a clear trend and well-defined price levels to watch. Here’s a breakdown of the current market structure and key profit targets for the stock.

Key Support and Resistance Levels:

Current Price Action: Starbucks is currently moving within a well-defined price range, with the stock finding support at key levels and showing potential for a bullish move.

Support Level: Watch for key support near recent lows, which could hold if the broader market remains favorable for growth stocks.

Resistance Level: The stock is approaching key resistance, which could serve as a barrier to further upside until a breakout occurs.

Take Profit Targets:

– Take Profit 1 (TP1): $120 – This level represents a significant resistance point and an initial profit-taking zone.

– Take Profit 2 (TP2): $155 – If the bullish momentum continues, the stock could reach this next target, marking a higher resistance level aligned with the longer-term trend.