KINGFISHER PLC ORD 15 5/7P LSE:​KGF

After a failed attempt at breaking through its resistance, this one's poised to drop back into the channel - as supported by the Stochastic and MACD.

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.

descending channel 50,200 average are bearish hoping for a lower low lower close candle today. ride the trend down and move stop accordingly rsi below 50