Starbucks stalls - Analysis - 07-02-2019

Starbucks' stock slid 0.71% in the last session, or 0.49 points, after the pivotal resistance of 68.96 held on, as traders collect recent profits while the stock vents off overbought saturation in the RSI after reaching overbought levels, amid positive pressure from the 50-day SMA, with the dominance of the main upward trend in the medium term. 

Therefore we expect the stock to return higher, especially if the resistance of 68.96 was breached, targeting the next one at 71.25. 

Expected trend for today: Likely Bullish