Starbucks' stock closed lower again in the intraday levels, recording a loss of 0.31% in the last session, or 0.18 points, while trying to gather positive momentum to help it rise again by venting off that overbought saturation apparent in relative power indicators, which the stock is buoyed by a positive pattern that formed previously in the short term, the Falling Wedge pattern as shown in the attached chart, with ongoing positive support from the SMA for the last 50 days period.
 
Therefore we still expect the stock to return higher in the coming trading, targeting and readying to tackle the resistance of 58.84.