BB2 trade ideas

Shaun_Parker

Burberry is an iconic brand, a household name and a famous luxury goods manufacturer. Selling at a 4 year low

All_is_well

Long opportunity Clear break of previous support

darkhorse007

Burberry - Sitting at strong support - 1035p

Joevose

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...

Buckswheat

We see nice range between 1818-1585.5. I think we can try to swing trade in this range. But I think better to get in the game at the time of breakdown. Let's see

TheAnonymousBanker Updated 

Simple bullish setup with good Money management (R/R> 1:3) Burberry Group plc is a manufacturer, wholesaler and retailer of luxury goods. The Company also licenses third parties to manufacture and distribute products using the Burberry trademarks. The Company's segments include retail/wholesale and licensing. The Retail/wholesale segment is engaged in the sale...

Ronin_trader

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...

Durius

Burberry, 4 days ago hit bottom...struggled to continue. Opened a long position on 24/09 Entry: 1995 Let's see..

Sublime_Trading

Last post: June 10th. See chart . Review: Price was pulling back in the last post. Update: Price has gone into a mini consolidation. Conclusion: Standing aside until we get a breakout of the consolidation zone, but overall the trend is up. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!...

Sublime_Trading

Last post: June 1st. See chart . Review: Price was starting to make new all-time highs and was looking strong. Update: Price is still looking strong and is currently doing a pullback. Conclusion: We need to see a breakout of the previous high before considering long trades. Any comments or questions, do not hesitate to leave them below. Give us the thumbs...

Sublime_Trading

This stock is featuring for the first time on our TradingView blogs. Current setup: Price is above the previous all-time high and making new highs. Conclusion: We will be waiting for a breakout on the daily timeframe to look for trading opportunities as this will confirm a continuation of the uptrend. If price breaks below the support levels then we will have...

Kenawee Updated 

Bought Burberry back on January 30. It is a small and rather an unusual liberal trade for me. I am looking for price to bounce up to 1770 within a few weeks. Otherwise, I am stopping myself at 1484.

bluff1919

long

TipTVFinance

Bearish divergence if followed by a downside break from the rising channel would signal the rally from 1039 (June 13 low) has topped out at 1879. The stock could then proceed to test demand around 1543 (April low).

hugomayhew Updated 

Could be a double top appearing (second top slightly smaller than previous) BRBY seams to respond to DBs & DTs so may be a major short Also quite a steep rise...so doesn't look too sustainable. Thoughts..?!

TipTVFinance

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

Burberry shares are up almost 3% and are the top performer in the FTSE100 index. A day end close above 1377 (Aug 24 high) would mark a bullish break and open doors for 1468 (Mar 3 high). However, check the volume… the three-day winning streak (including today’s gains) is accompanied by falling volumes. Hence, bulls should observe caution as there could be a...

TipTVFinance

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...