HM B (Large Cap OMX Stockholm) ready for turn around
Updated
Hennes & 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.
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.
Note
Main target would be gap close on the upper side at 280 even.Closing part of the position at 260-261 could be an good idea due to resistance at that area.
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