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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...
RECOMMENDATION BUY TARGET 1850 The Major trend of BURBERRY GROUP PLC it is showing strength for buying. If it breaks the resistance level then one can initiate the buying position in the stock. If it breaks the level of 1786 then it can show upside movement for the target of 1850 with the stop loss of 1725. CHART FORMATION:- Stock is trading in a range and ...