Long on support, targeting most recent resistance zone. Swing/Position trading
For that scenario to be possible, price action needs to take 32.47 an ATH at 37 plus we have to see 5 waves to the upside. Even if we see that I would be cautious as a different wave count would be possible however, this is my main.
Short term analysis on ITX stock. Breakout pull back setup. Waiting for the price to come back to prior resistance zone for entry.
#Inditex - Conviction BUY (long-term) ENTRY: 21.00 EUR TARGET: 29.50 EUR (+40%) STOP: 17.60 EUR Inditex is one of the largest textile companies in the world, based in Arteixo / Galicia (Spain). Inditex specializes in the design, manufacture and distribution of clothing and accessories for men, women and children. Zara is the best-known brand of the group, which...
In this update we review the developing ascending triangle pattern, identifying a high probability trading opportunity
Short entry for ITX predicted by our AI algorithm. The time horizon of the prediction is approximately 5 days.
Long entry for ITX predicted by our AI algorithm. The time horizon of the prediction is approximately 5 days.
As long as the price is above the resistance 26.00, it is safe, but if it closes below it, the probability of it returning to test the trend becomes high.
Inditex has activated a doublte bottom pattern with potential target to 31.85€ +17.5% from current price.
ITX is going to recover the 32 EUR in the next weeks, today 3.8% www.informador.mx www.lefigaro.fr
Multiyear view of Inditex. - Distribution (Wyckoff) from 2015 to 2017. Range 29 to 32. Blow off top on 36 euros. - Second redistribution from 2018 to 2020. Range 24 to 28. Blow off top on 32 euros. - Potencial third redistribution 2020 to 2022. Range 18 to 24: Topping on 32 euros in December 2019. Almost 50% drop on March 2020 A - Support on 18,56...
Inditex is doing a pullback to 200 moving average, so the profit/loss rate is so nice. Stop loss arround 27€ so we dont risk so much.
uptrend pullback good bullish candle as a trigger
In my strategy ,breakout of a descending trend line and passing of a price level (pivot) can be starting for a new uptrend ,it's done and entry to this stock has low risk
This setup offers a great RR with a 22% potential drop for the owner of Zara. Price at a monthly supply level
Still expensive above 22x Fwd/PE Tecnically 20% drop coming