Starbucks Corp (US: SBUX) upside is ongoing and technical is showing further upside going forward:   

1. Despite prices briefly breached the primary uptrend line, prices remain supported within the support zone at US$107-US$110.
2. The morning star formation at the base of the bullish flag is indicative of a strong bullish upside. Furthermore, there seems to be a mini potential double bottom forming at the base of the bullish flag.
3. The Relative Strength Index is showing a bullish divergence.

*Timeline of the trade is 8 weeks from the date issued.

CHART LEGENDS

Moving Average

Red dotted line = 200-MA

Blue dotted line = 50-MA