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OILEX LD ORD NPV, GREATLAND GOLD PLC ORD 0.1P, LLOYDS BANKING GROUP PLC ORD 10P, UK OIL & GAS PLC ORD 0.01P, VAST RESOURCES PLC ORD 0.1P, VODAFONE GROUP PLC ORD USD0.20 20/21
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Inditex is facing a great bullish momentum:
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.
-Spanish equities negative momentum was sending Inditex downwards, however IBEX 35 is back again above 9.200 level ...
The setup pattern is intact, it is clean and is reliable.
The share price has been 37 weeks on a lateral trend. It seems the bulls are gaining momentum and a visit to the €7.95 level is more than likely. A strong support can be found in 7€. I am LONG. Targets at: €7.95, €8.28 and a final €9.35.
Good luck fellow traders
The spanish stock exchange is back to an interesting valuation. Euronext and LSE are possible candidates in order to put the 2.2b needed to adquire this little gem. Inteligent money is back to the stock, and a strong support may be forming around 26€. It is time to consider developing Long strategies. Stop Loss: €26.09.
Flag consolidation pattern seen in the OHL share price. It is likely that the share price looks for the targets drawn in the chart.
Good trading fellow traders
Good luck :)