We are bearish on retail apparel companies for the most part given the current macroeconomic environment which has a decent probability to continue well into 2023. R = 2.13 on this trade which makes it a go for us.
back to highs possibly. interesting price levels. already in long long term, this price reflects a price that is interesting yet again. back to highs as per usual. no real timestamp in the outlook.
Channel bottom, a lot of gaps above, Fall/Christmas season ahead
After recovering from the Covid-Drop - back in the big upward-Channel and beaten down after good earnings. Looks interesting for a swing
it has been sitting on a resistance now. I have bought this level.
Hi friends, This might be a long opportunity on H&M, stop loss below uptrend channel :) Trade safely!
Hey Friends, here is my Analysis to H&M. Falling Wedge in the 4h Chart. (all information in the Chart) Just my opinion no financial advice.
H&M will soon release their new collection of clothes, a collaboration with ''Menwithclass'' who has nearly 5 million instagram followers. This means a lot of marketing on social media for their webshop, and also a lot of more sales. I expect they'll break the trend-roof in the near future.
Technical: The support resistance is getting testing at 170 and the bottoms are consistently getting higher. H&M is a good long term hold in an increasing trend. Once it breaks out above 170 it will reach higher levels. Fundamental: H&M digital turn-around and finacial reports shows signs of improving into an omni channel future with ecommerce in place. The...
Structure looks like an expanding diagonal. We have targets @: TP1: TP2: TP3:
Well the bottom is in for H&M. We finished of the bear market with a textbook triple zig zag with a zig zag x wave. Elliott wave theory is validated with a 1:1 fib ext X->Y nad X->Z
Good day, I think 136 is a nice place to sell from. Check my twitter and found something useful!
I currently see HM and being pretty bullish, it seems to be dusting off the big downward trend. Happy trading
H&M broke out of the bearish triangle. Entry on breakout, stoploss inside triangle. Low risk high reward.
How long can this ascending wedge continue for?