30.10.2014 - The price of Starbucks has reached the upper limit of the channel

Starbucks stock price after a significant correction has offset a large part of the loss and now has reached the upper limit of the downward channel. In case of overcoming this resistance, the price is likely to reach the level of 79.10, the overcoming of which will be a signal for opening long positions with the target near 86,00 and 90,00. In case of renewal of the fall, we should expect that the price will drop to 69.00. We forecast a drop in price in the medium term.

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