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Lambert: UK retailer Kingfisher stumbles lower

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May 15, 2015 clive lambert, clive lambert futurestechs, equities, equities 2015, equities over valued, equities prices, equities saxo, equities strength, equities trading, equity, equity analyst, equity bubble, equity clients, equity correction, equity index, equity market, equity market 2014, equity markets, equity platform, equity portfolio, equity portfolios, equity research, equity rise, equity risk premium, equity strategy, equity trading, equity us, equtiies, home improvement, homes, investing, investment, investment strategy, kingfisher, kingfisher stock, kingfisher uk stock, saxo, saxo bank, saxo bank equities, saxo bank group, saxo bank saxo tv, saxo bank trading, saxo bank trading floor, saxo bank tradingfloor.com, saxo bank tv, saxo capital markets, saxo traders, saxo trading, saxo tv, saxo tv clive lambert, saxo tv saxo bank, saxo tv trades, saxo tv trading, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank, saxobank.com, saxotrader, saxotv, social trading, stock, stock market, stock markets, stock pick, stock picks, stock price, stock prices, stock trading, stocks, stocks markets, stocks to watch, trade, trade idea, trade ideas, trade view, trade views, trader, traders, traders tale, traders tale saxo tv, trading, trading floor, trading idea, trading risks, trading strategy, trading tips, tradingfloor, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor.com, tradingfloor.com insights, tradingfloor.com saxo tv, tradingfloor.com trade ideas, tradingfloorcom, uk, uk economy, uk gdp, uk growth, uk inflation, uk rates, uk recovery, uk stocks, uk unemployment

Clive Lambert from FuturesTechs is looking at the recent gap lower in Kingfisher PLC shares. The leading European home improvement retailer saw a significant reversal in prices over the last few days. The sharp reversal created an Evening Doji Star pattern. The combination of this pattern and the recent gap lower are clear sell signals for Clive. He is looking to sell the stock at current levels and around 352.00p. He is targeting a move lower toward 326.00p, 310.00p, and 285.00p. A stop can be placed above the recent gap at 357.70p.

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