Since hitting a low of $7.06 last November the share price of Starbucks (SBUX) has nearly trebled in value. It is now as high as $19.12 and has been trending upwards for pretty much the whole of 2009. So how much further can the share price go?

Well it’s always difficult to predict where the possible peak could be but what you can do is plot a few key levels that the price could potentially reach. This is exactly what Adam Hewison has done in his latest trading video.

He uses fibonacci analysis to display possible price targets and also shows you how you can use Marketclub’s trade triangles to trade Starbucks, and any other stock you wish to trade.

You can watch this video by clicking here.

 

 

Filed under: Stocks

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