22.01.2016 - Shares of Starbucks may continue decline within the negative trend

Price of Starbucks continues moving inside the descending channel and currently is trying to gain a foothold below the level of 59.00. According to our estimates there is a high probability of further negative dynamics within the channel with the objectives at 54.00 and 53.30. On the other hand, the breaking of the level of 59.00 and the upper boundary of the channel will be the basis for further growth to 62.00 and 63.90. Our medium-term outlook is positive, but we do not rule out a decline in the near future.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.