Short term view - BUNZL PLC : Prices are still making progress
The background trend is clearly bullish. Prices are still making progress but there is less power in the movement.The next resistance is at 2,441.00 p. Breaking below the support at 2,234.00 p would invalidate the trend.
Bunzl is engaged in the distribution and outsourcing service, supplying a range of internationally sourced non-food products to a variety of market sectors. Co.'s market sectors: Foodservice, which comprised of non-food consumables, including food packaging, disposable tableware and guest amenities, cleaning products and safety items; Grocery, which goods not for resale including food packaging and hygiene supplies, to grocery stores; Cleaning and hygiene, which including chemicals and hygiene paper; safety, which include a range of personal protection equipment, including hard hats, gloves, boots, ear and eye protection and other workwear, to industrial and construction markets.
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