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.
