As you can see last year we repeat the same pattern , break 200ma and run it up to the deathcross. SAME PATTERN is going on here :) and with a big gap. So what i think will happen is the next : Price will run UP and fill this gap , once it fills there will be a rejection and a deathcross , so go Short !! M0byy
Inditex is facing a great bullish momentum: Fundamental: After the downgrade of Morgan Stanley -17%, they have reported solid quarterly results reaching USD 12 Bn of revenue for the first time, remaining its clothing leadership. Technical : -Spanish equities negative momentum was sending Inditex downwards, however IBEX 35 is back again above 9.200 level...
ITX is still in its way to the target of (61 fib) 27 eur. Stoploss in 29 EUR
Hey there! Here's a possible movement for the next 3 months till mid-end August. You can find further information about my chart and idea in the chart itself in three separate Black Boxes (so called black wall). Please note that every chart posted about companies is build on information build and based by many different medias and gazettes. Part of it is also...
Hey there! My idea behind this chart is, the possibility to profit of an long term trade, by buying on the lowest of it's points. Since the low of the ITX Chart is yet by approx. 26,7-27,9, it may be the best Idea to buy at These Points and sell at About the end of the year, by beginning of the winter Season. ( When Inditex companies Show their first buyable...
Hey Guys, As simple as this. Either Black (Plan A) or Red (Plan B). - Hey Chicos, Tan simple como esto. O Negro (Plan A) o Rojo (Plan B). Carlos
At 23,93 there is an 0.382 fib retractement level from 2002. There also an AB=2.618*CD matching that level so I expect some rebound to the T1, 28.93 and T2 31.99. I have taken some long position. Let's see next week. GL
I just opened a long position on Inditex based on the multibottom pattern and very nice throwback to support.
Longs at monthly demand zone on Inditex #ITX Spanish Stock around 31.61, clear bigger picture uptrend with demand levels being created and supply zones being eliminated. This is a long term setup.
Largo a máximos, volúmenes profesionales cierres gap, acumulación.