Starbucks may rise to 119.90 - 126.90

Our pivot point is at 85.5.

Our preference

The upside prevails as long as 85.5 is support.

Alternative scenario

Below 85.5, expect 74.1 and 67.4.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 86.847 and 80.5403).

Supports and resistances

134 **

126.9 *

119.9 **

112.8

95.3 (USD-last)

89.9

85.5 **

74.1 *

67.4 **

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