Burberry share price analysis15 Jul 2020 10:23
Burberry share price declined to an intraday low of 1,457, which is the lowest level since June 1. As it dropped, the price moved below the important support at 1473, which was the lowest level on June 25.
Also, Burberry stock price has moved below the right shoulder of the head and shoulders pattern. More so, the price is below the 38.2% Fibonacci retracement level and below the 50-day and 100-day exponential moving averages.