Short term view - KINGFISHER PLC : The major support has been reached.
The previous low has been broken, the bearish trend is confirmed. The next target is at 280.10 p. The invalidation level is above 315.10 p.Arguments :
- The major support has been reached.
- The moving average is capping prices.
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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