HM_B HENNES & MAURITZ AB (HM B)Structure looks like an expanding diagonal.
We have targets @:
TP1:
TP2:
TP3:
Hennes
HM_B HENNES & MAURITZ AB (HM B)Well the bottom is in for H&M.
We finished of the bear market with a textbook triple zig zag with a zig zag x wave.
Elliott wave theory is validated with a 1:1 fib ext X->Y nad X->Z
Abnormal discount!Perfect entry levels for a long term investment!
Will open my first positions during next week!
HM B (Large Cap OMX Stockholm) ready for turn aroundHennes & Mauritz looks ready for a change in trend.
We're about to close the gap from september 2013 at 250.60. With RSI on the lower range and previous structure as support we're looking at a good risk/reward to go long at gap close.
Hennes & Maurits, pullback with high possibilityH&M has been up 9,61% in average ten days after a low point far away from the ma200. The 9,61% upside target lays also at the 50% gap line which makes it a reliable target. MACD and Stochastics is also indicating on a upside.
Happy trading!
Hennes & Mauritz BHennes & 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 upptrend?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 Elliot WaveThinking that this could fit in for the Elliot Wave theory with 1,2,3,4,5 going down and then a,b,c turning it around, perhaps over 300 swedish crown.
