Starbucks may rise to 85.70 - 88.10

Our pivot point is at 73.

Our preference

Short term rebound towards 85.7.

Alternative scenario

The downside breakout of 73 would call for 69 and 66.7.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading above its 20 day moving average (76.1423) but under its 50 day moving average (77.8526).

Supports and resistances

90.5 **

88.1 *

85.7 **

83.3

76.55 (USD-last)

74.5

73 **

69 *

66.7 **

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