Short term view - KINGFISHER PLC : Weak reaction on resistance.
In our previous short term analysis (22/09/2016), we were positive.We remain positive with a target at 386,5 p and an invalidation level at 356 p.
The bullish trend unfolds.
Arguments :
- The MACD is rising.
- The moving average is supporting prices.
- The reaction at...
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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