On the 10th of September H&M signalled a strong bottom. This was a good sign to open a long position. Didn't work immediately giving a bit of doubt, but the patient ones got rewarded. 7 days later it jumped 20% Entry: 121 Exit: 135 Return: 11.5%
H&M was climbing for many days until it run out of fuel..and then a 4% drop came. The ones that prepared days ago did well today.
I hope HM will go up from here based on technical analysis
Perfect entry levels for a long term investment! Will open my first positions during next week!
Studying HMBS the price has foundt 3x support in 239 and rejected lower breakthrough. This level is historically the June 2014 historic resistance. MACD bottom is showing increasing trend from jan 2016 to jan 2017. Risk reward 1:5.3 I expect a bullish long trend is developing. Anyone that support/rejects my analysis??
Drew this chart 07/19 and it has followed well so thought I'd share. Most things are self explanatory, ask if you wonder why I drew some things the way I did..
I'm buyinf Hennes & Maurits when it breaks out of the ascending triangle, I expect it to close the gap. Target 270 STOP 255 Good luck
This is very extended downtrend, will this shortterm uptrend break the longterm downtrend.. a swing low has established.. A risk to take if you are willing, SL 261.
Gap from September 2013 closed last Thursday. Now very oversold with MACD cross. Gap from May above unclosed. Potential for long on Tuesday 160607 with TP at gap close at 280. Negatives to ponder: 1) as always, gap closes are not guaranteed (in the near future), so the above scenario may not play out. 2) trend is bearish with higher volume on down days so far -...
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.
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!
Hennes & Mauritz has formed a new higher high. If it will make a higher low it will be a high probability for a new uptrend and possible breakout out of the (red) chanel.
Hennes & Mauritz is about to start an uptrend? It respected the resistance (purple line and formed a higher high (at 303). Maybe we are about to see a higher low too?
Hennes & Mauritz is showing more upside but before that my assessment is that we will get a pullback and the one more up. The arrows are not indicating an exact path, they are just for reference.