DS Smith completes advance.
Investors Chronicle - magazine and web content, August, 2007
Late-cycle favourite DS Smith is experiencing a regular flat correction after completing a five-wave advance. Dominic Picarda
Late-cycle favourite DS Smith is experiencing a regular flat correction after completing a five-wave advance.
It has already achieved a typical share-price target for such a move, and has also found support at its 200-day moving average. Regaining territory above the 50-day moving average is the next step towards resuming its uptrend. Conversely, a fall below 200p could a significant topping pattern, with downside of 60p possible.
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