Starbucks may rise to 103.50 - 105.50

Our pivot point is at 93.3.

Our preference

As long as 93.3 is support look for 103.5.

Alternative scenario

Below 93.3, expect 89.7 and 87.7.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 96.113 and 95.3364).

Supports and resistances

107.7 **

105.5 *

103.5 **

101.4

96.82 (USD-last)

94.6

93.3 **

89.7 *

87.7 **

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