Shares Starbucks stagnated since price hit 64 in October, 2015. As we can see in the weekly chart below, price has been consolidating in descending triangle.SBUX Weekly Chart 12/1(click to enlarge)Triangle Breakout - Bullish Continuation:- The weekly chart shows a descending triangle formed throughout 2016.- In late October, we saw price crack the triangle support then quickly bounce back up. - The false breakout was an early sign that bulls are still in control in the long-term despite the year-long consolidation.- Note that the RSI was held above 40 for the most part, reflecting a maintenance of the prevailing, long-term bullish momentum.- This week, the "false" breakout to the downside finally translated to a bullish breakout of the triangle's falling resistance.- The breakout opens up at least 64 high for the medium-term, with likelihood of pushing higher because the prevailing, long-term bullish trend is still intact. .