Capra

KGF - Buy - Wolfe Wave

Long
LSE:KGF   KINGFISHER PLC ORD 15 5/7P
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6
Here we have another Wolfe wave (been a few cropping up lately) with a price projection of 377, a 15% increase from current levels. Personally I will be looking for an entry @ 225 with stops below recent low, alternatively waiting for a break with a close from falling wedge would be another point of entry.
Comment: Correction, will be looking for entry @325

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