Medium term view - PANDORA A/S : The moving average is capping prices.
The trend has been momentarily interrupted by a correction. Prices just hit the resistance, it is probably resuming. The next target is at dk 377.00. The invalidation level is above dk 704.60.Arguments :
- The major resistance has been reached, it causes the fall.
- The moving average is capping prices.
- The reaction on the support is weak, we anticipate its break soon.
Pandora designs, manufactures and markets jewelry made from genuine metals. Co. designs, produces and sells charms, bracelets, rings, necklaces, pendants and earrings. Co.'s products are made from gold, silver, gemstones, cultured pearls and stones and other jewelry materials. Co.'s jewelry is sold in more than 90 countries on six continents through approximately 9,900 points of sale, including more than 1,400 concept stores. Co.'s products are sold globally through such points of sale as concept stores, silver stores, gold stores, shop-in-shops and white stores.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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