12.08.2015 - Staples will likely continue to decline
The price of Staples will continue to fall within the local descending channel after has broken the lower boundary of the medium-term descending corridor. In case of overcoming the support level at 13.80, which coincides with the local minimum, we expect further reduction of the price to the levels 13.50 and 12.60. Within the correction, the price may return to the level of 15.00. We expect a drop in prices in the near future within the downward channel.