Starbucks' stock (SBUX) rose 0.63% in the last session while recouping some recent losses, ending at 111.14, amid the dominance of the downward correctional short-term trend, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the support of 108.50, provided the resistance of 114.20 holds on.
Expected trend for today: Bearish