Short term view - KINGFISHER PLC : The bearish gap has been tested, the fall resumes.
The trend is still bearish, the invalidation level is above 315.10 p. The target is at 280.10 p.Arguments :
- Prices have pulled back to the resistance level (previously a support). The fall is now resuming.
- The moving average is capping prices.
- The bearish gap has been...
Kingfisher supplies home improvement products and services through a network of retail stores and other channels, located mainly in the U.K. and continental Europe. As of Jan 31 2017, Co. had nearly 1,200 stores in 10 countries across Europe.
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