Starbucks may rise to 83.80 - 86.40

Our pivot point stands at 71.3.

Our preference

Short term rebound towards 83.8.

Alternative scenario

Below 71.3, expect 66.9 and 64.4.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 75.356 and 77.3285).

Supports and resistances

89.1 **

86.4 *

83.8 **

81.2

75.09 (USD-last)

73

71.3 **

66.9 *

64.4 **

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