Starbucks may rise to 102.10 - 104.20

Our pivot point is at 91.4.

Our preference

As long as 91.4 is support look for 102.1.

Alternative scenario

Below 91.4, expect 88 and 85.9.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is below its 20 day moving average (95.988) but above its 50 day moving average (93.692).

Supports and resistances

106.3 **

104.2 *

102.1 **

100

95.46 (USD-last)

92.8

91.4 **

88 *

85.9 **

Number of asterisks represents the strength of support and resistance levels.