For that scenario to be possible, price action needs to take 32.47 an ATH at 37 plus we have to see 5 waves to the upside. Even if we see that I would be cautious as a different wave count would be possible however, this is my main.
Short term analysis on ITX stock. Breakout pull back setup. Waiting for the price to come back to prior resistance zone for entry.
#Inditex - Conviction BUY (long-term) ENTRY: 21.00 EUR TARGET: 29.50 EUR (+40%) STOP: 17.60 EUR Inditex is one of the largest textile companies in the world, based in Arteixo / Galicia (Spain). Inditex specializes in the design, manufacture and distribution of clothing and accessories for men, women and children. Zara is the best-known brand of the group, which...
In this update we review the developing ascending triangle pattern, identifying a high probability trading opportunity
As long as the price is above the resistance 26.00, it is safe, but if it closes below it, the probability of it returning to test the trend becomes high.
Inditex has activated a doublte bottom pattern with potential target to 31.85€ +17.5% from current price.
ITX is going to recover the 32 EUR in the next weeks, today 3.8% www.informador.mx www.lefigaro.fr
Multiyear view of Inditex. - Distribution (Wyckoff) from 2015 to 2017. Range 29 to 32. Blow off top on 36 euros. - Second redistribution from 2018 to 2020. Range 24 to 28. Blow off top on 32 euros. - Potencial third redistribution 2020 to 2022. Range 18 to 24: Topping on 32 euros in December 2019. Almost 50% drop on March 2020 A - Support on 18,56...
Inditex is doing a pullback to 200 moving average, so the profit/loss rate is so nice. Stop loss arround 27€ so we dont risk so much.
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