LSE:BRBY (Burberry Group Plc)

– Failed to close above the 200sMA
– Formed a Shooting Star reversal candle
– Shooting Star has formed at top of Bollinger Band and near historical resistance on the Price Oscillator – this suggests a return to the 20sMA
– Personal Goods Sector is showing the same reversal pattern
– Current price action looks corrective to the primary trend but this is trading in the direction of the intermediate trend

 

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