Starbucks may rise to 84.30 - 86.90

Our pivot point stands at 71.6.

Our preference

Short term rebound towards 84.3.

Alternative scenario

Below 71.6, expect 67.4 and 64.9.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the share stands above its 20 day moving average (74.986) but below its 50 day moving average (77.6664).

Supports and resistances

89.5 **

86.9 *

84.3 **

81.8

75.88 (USD-last)

73.3

71.6 **

67.4 *

64.9 **

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