burberry

TipTVFinance TipTVFinance BRBY, D,
BRBY: Burberry at 5-month rising trend line
15 0 1
BRBY, D
Burberry at 5-month rising trend line

MACD, though below zero, shows the momentum has stalled. A day end close below the rising trend line would open doors for a further sell-off to 1277 (August lows). It is advisable to be on a 'wait and watch' mode. On the higher side, only a daily close above 1450 would signal a possible revisit to recent highs around 1550.

TipTVFinance TipTVFinance BRBY, W,
BRBY: Burberry – double bottom once falling trend line is breached
22 0 2
BRBY, W
Burberry – double bottom once falling trend line is breached

Burberry's sharp rise this week suggests a bottom is in place around 1080 and once prices break above falling trend line hurdle seen today at 1320, the doors would be opened for a test of double bottom neckline resistance at 1468. On the other hand, a failure to break above weekly 50-MA level of 1261 followed by a retreat below this week's low of 1160 could ...

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