A morning star reversal pattern was formed near the support at 79 in the Starbucks stock price daily chart. After a slight rise, the price fell back to support yesterday. The DeMarker indicator is in an oversold zone. If the support level holds, we expect Starbucks to move back to 84 and then possibly to 90 and close the gap.
This content is for informational purposes only and is not intended to be investing advice.
