DanielRonnqvist

Hennes & Maurits, pullback with high possibility

OMX:HM_B   HENNES & MAURITZ AB, H & M SER. B
H&M has been up 9,61% in average ten days after a low point far away from the ma200. The 9,61% upside target lays also at the 50% gap line which makes it a reliable target. MACD and Stochastics is also indicating on a upside.

Happy trading!
The gap from 130913-130916 was closed this Thursday (160602) as well. I'm probably going long (medium position) on Tuesday when markets open. Target is gap close from beginning of May (280 to 272.9). Don't know about odds of closing the April gap at 293 to 290.6. The general market conditions will probably dictate the strength of the (probable) pullback.
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