I will be keeping a close eye on BRBY this week especially the 1980 level which has played a role as resistance since the level broke back in October of last year. The price has been tickling the level for around two weeks but never had the momentum to break through, after the huge sell off an bounce back we experienced last week you'd have to guess that most the...
The Entry
My favourable entry would have been at 1856.5, however the current price at 1729.0 is a clear break down of the 0.382 fib level
This is also tied to the overall bearish market direction and sentiment
The Situation
Technology stocks have taken a beating and in light of the trade tensions and lower CN travellers, luxury stocks are in a very...