BRBY.L dominated by bulls lifting the market higher throughout the day
Burberry (BRBY.L) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team
Moving higher for the 2nd day in a row, BRBY.L ended Thursday at 2163.00 gaining £26.00 (1.22%). Today's closing price of 2163.00 marks the highest close since June 6th. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 2150.00, the market confirms its breakout through the prior session's high having traded £19.00 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.
Daily Candlestick Chart (BRBY.L as at Jun 14, 2018):
Thursday's trading range was £56.00 (2.64%), that's above last trading month's daily average range of £43.30. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.
Prices are trading close to the key resistance level at 2186.00.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.