Starbucks stalls - Analysis - 17-04-2019

Starbucks' stock fell as traders collected recent profits, while gathering momentum to help it rise anew, amid the dominance of the main upward short-term trend, with positive pressure from the 50-day SMA as the RSI reached oversold levels. 

Therefore we expect the stock to rise as long as the support of 74.26 holds on, targeting the resistance of 77.23. 

Expected trend for today: Bullish