Starbucks tries to vent off oversold saturation - Analysis - 30-06-2020

Starbucks' stock rose 0.42% in the last session while venting off oversold saturation in the RSI with positive signals out of them, while hurt by exiting an ascending price channel in the short term, with negative pressure from the 50-day SMA. 

Therefore we expect the stock to decline and target the support of 65.73, especially if the support of 72.17 was breached. 

Expected trend for today: Bearish