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Kabish

Inditex short-term long

Long
INDUSTRIA DE DISENO TEXTIL S.A. INDITEX (BME:ITX)  
Kabish Updated   
BME:ITX   INDUSTRIA DE DISENO TEXTIL S.A. INDITEX
Trend Analysis
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trendanalysis
The stock has two possible resistances at 24ish (previous resistance plus .618 fibo) and at 20ish (fibo .5)

Nice chance for a short-term long, considering the long term bearish trend since it topped at 35. Slightly oversold RSI 25.
Trade active:
Obj1: 25.00 (4:1)
Obj2: 26.00 (2:1)
Stop loss: 23.45
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