Starbucks parks at pivotal support - Analysis - 25-03-2021

Starbucks' stock (SBUX) fell 1.20% in the last session, while gathering positive momentum to help it recover anew, while leaning on the support of the 50-day SMA, as it also leaned on the main upward medium-term trend line, as the RSI reached oversold levels compared to the stock's movements. 

Therefore we expect the stock to return higher, targeting the important resistance of 112.25 anew. 

Expected trend for today: Bullish