Starbucks gathers positive momentum - Analysis - 22-01-2021

Starbucks' stock (SBUX) fell 0.83% in the last session while gathering momentum to help it tackle the pivotal resistance of 106.00, amid the dominance of the main upward medium-term trend, with support from the 50-day SMA, coupled with positive signals from the RSI.

Therefore we expect the stock to return higher, targeting the resistance of 113.70, provided the resistance of 106.00 was breached.

Expected trend for today: Bullish