haobey
Long

HM B (Large Cap OMX Stockholm) ready for turn around

CHXEUR:HMBS   HENNES & MAURITZ AB
Hennes & Mauritz looks ready for a change in trend.

We're about to close the gap from september 2013 at 250.60. With RSI on the lower range and previous structure as support we're looking at a good risk/reward to go long at gap close.
Comment: Main target would be gap close on the upper side at 280 even.
Closing part of the position at 260-261 could be an good idea due to resistance at that area.
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