The aim of my blog is to aid my personal development as a Trader and Technical Analyst whilst studying for an STA Diploma with the Society of Technical Analysts.

Any opinions expressed on this site are solely of my own and should not be taken as financial advice.

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11 Jan 2012

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 




Posted by Matt at Wednesday, January 11, 2012
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