Adrian_Armentia

Inditex boosted above EUR 25,40 - Medium term

BME:ITX   INDUSTRIA DE DISE\O TEXTIL S.A. INDITEX-
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 pointing out a recovery of the Spanish Index.
-There is a gap at EUR 27-28 that needs to be covered.
-ITX did not break the FIBO 0,61 level.

Enjoy your trading!
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