Starbucks $SBUX has been resilient during the late 2018 correction. In fact, it was pushing into uncharted territory before the market correction. We can see from the daily chart below that SBUX pulled back , but was able to hold above the 200-day simple moving average (SMA) among other key support factors like a rising trendline.SBUX Daily Chart(click to enlarge)Bullish-Neutral:- SBUX is at least bullish-neutral right now. - If price pulls back and stays under the $70 handle, we might see some consolidation between roughly $60 and $70. - But there is also a good chance that price will break into all-time-highs and maintain a bullish outlook.- This bullish continuation breakout would likely make the $64 area key support. Adjusting Entry Orders Higher:- I have been adjusting entry orders higher on many names lately because the general market recovery has been impressive. - It appears like the stock market might have at least shifted into a sideways consolidation mode after late 2018's bearish correction mode. - For SBUX for example, I had dry powder waiting around $55-$56. - However, I am now going to put some around $60.50 and $64.50. This reflects the assessment of SBUX as bullish-neutral, instead of the bearish correction mode that started in November and apparently ended in late December. Structurally Sound:- If the SBUX price chart is a building, I would say it is structurally sound, or bullish. - This is another reason we might want to consider SBUX as a good buy-the-dip candidate.SBUX Weekly Chart(click to enlarge)