Medium term view - DS SMITH PLC : The movement goes on.
The trend is bearish. The movement goes on.The next target is at 368.53 p, then 278.33 p. Passing 532.04 p would question the continuation of the fall.
DS Smith is engaged in providing packaging solutions. Co. has four businesses: Packaging, which includes transit packaging, consumer packaging, displays and promotional packaging, customized protective packaging and industrial packaging; Paper, which manufactures recycled papers; Recycling, which harvests quality paper and cardboard for recycling from a range of sectors, including retailers, manufacturers, local authorities, print, recycling and waste management companies; and Plastic Packaging, which comprises flexible packaging and dispensing solutions, extruded and injection moulded products, and foam products.
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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