(News Bulletin 247) – The implementation of a hedging strategy is essential in current market conditions. To meet this need, a “short” operation on KERING shares is a perfectly suited response.

KEY GRAPHIC ELEMENTS

The very heavy configuration of KERING, since May 9 and an exit from the range, results in decomposable bearish legs, below the remarkable 50 or 20 day moving averages. The latest acceleration to date, from September 4 to 6, was accompanied by very thin continuation gaps rich in lessons. A continued decline in prices remains the preferred option.

FORECAST

Considering the key chart factors we mentioned, our view is bearish on KERING stock in the short term.

The News Bulletin 247 team therefore suggests that active investors bet on this bearish scenario, by selling KERING shares short at €456,700 and aiming for a target of €401,000. It is strongly recommended to place a stop order at €487,500.

News Bulletin 247 advice

KERING
Negative €456,700
Objective :
€401,000
Potential :
+12.20%
Stop:
€487,500
Resistance(s):
477,000 / 509,000 / 534,500
Support(s):
450,000 / 400,000

DAILY DATA CHART

Graph created from the software Prorealtime

function creatOutbrainJs() {
const creatJs = document.createElement(“script”);
creatJs.defer = true;
creatJs.src = “https://widgets.outbrain.com/outbrain.js”;
return document.body.appendChild(creatJs);
}

window.didomiOnReady = window.didomiOnReady || [];

window.didomiOnReady.push(function(Didomi) {
console.log(“Didomi ready “);

Didomi.getObservableOnUserConsentStatusForVendor(164)
.filter(function (status) { return status !== undefined })
.subscribe(function(consentStatus) {
if (consentStatus === false || consentStatus === true) {
console.log(“Didomi consent -> exécution du script outbrain “, consentStatus);
creatOutbrainJs()
}
});

});