Starbucks tries to recoup some losses - Analysis - 07-01-2021

Economies.com
2022-01-07 11:41AM UTC

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

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