Starbucks buoyed by current support - Analysis - 17-09-2021

Starbucks' stock (SBUX) rose 0.03% in the last session after the support of 14.60 held on, lending it positive momentum while hurt by piercing the main upward trend line, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.

Therefore we expect the stock to decline, especially if the support of 114.60 was breached, targeting the support of 109.50. 

Expected trend for today: Bearish