ABF, British multinational food processing and retail company, a real powerhouse when it comes to house hold products. Ovaltine, silver spoon, blue dragon, Kingsmill bread, Patak's curry, Twinings, Allinson and of course Primark - leading fast fashion brand with 384 stores across 13 countries. Trading at an historically attractive PE ratio of 17 and during a...
Despite the rebound of monthly 50-MA support in July and a positive August candle, the subsequent failure to hold above monthly 5-MA this month coupled with a drop below monthly 10-MA amid bearish indicators suggests the stock is likely to re-test monthly 50-MA support seen today at 2615 levels. Shares gaped lower today and extended losses on reports the...