Kering: pullback of -4% towards 680E

( – Kering suffered a pullback of -4% towards 680E and this is not a solo decline since the entire luxury segment is down -3% on average.
This decline remains without real consequence since the stock remains well anchored within a 665/740E corridor… but the breakout of 680E would compromise a medium-term slant from 612E (early October 2021).

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