The mid-term trend could accelerate in few sessions.

Fundamental elements are positive : Growth perspectives, increasing margins and upward revisions of EPS. Thanks to these elements, Burberry Group could regain its upward trend after having run out of steam

Following a bullish wave, the stock now shows a slight decline that has lead towards its GBp 1455 medium-term support. On this level, remobilization of buyer flows would allow an uptrend in the medium and long term due also to a bullish trend line.

Investor should watch the security close to GBp 1455 to take advantage of a new upward acceleration in the direction of GBp 1535 and then GBp 1605. A stop loss is placed under GBp 1450.