No. of Recommendations: 2

SBUX has just had an UpThrust/Test of the ST, which so far has held, as price has been in a narrow range on low vol for 6 days, stuck 'twixt the high and the 3/15 (filled) gap. Volatility is tightening considerably as evident by this range, generally tighter spreads, and the sharply converging BB's (not shown). The still nicely rising 20d ema also continues as support.

The lower channel line and the horz res line have formed an ascending triangle, meaning even if it continues sideways price would soon break the demand line of the ut channel. All this convergence, together w/the lowered volatility, could suggest something's gonna give soon.

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