Hugo Boss is a new buy trade. Highly increased volumes are associated with a long white candle. The resistance area around 71/72 Euro is now under pressure and it might be broken, giving more room for a stronger movement upwards. Price oscillator is above the zero line and oriented upwards, as like our modified stochastic and Coppock Curve.
Trade active:
Trade is moving in our favor. Keep on it. It is expected a strong breakout above 71.50
Comment:
Target is set up at 79 euro.