Starbucks may fall to 64.90 - 66.50

Our pivot point is at 77.9.

Our preference

The downside prevails as long as 77.9 is resistance.

Alternative scenario

The upside breakout of 77.9 would call for 80.8 and 82.5.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 76.9448 and 77.5906).

Supports and resistances

82.5 **

80.8 *

77.9 **

76.6

75.51 (USD-last)

68.2

66.5 **

64.9 *

63.3 **

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