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Inditex boosted above EUR 25,40 - Medium termInditex is facing a great bullish momentum: Fundamental: 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. Technical : -Spanish equities negative momentum was sending Inditex downwards, however IBEX 35 is back again above 9.200 level pointing out a recovery of the Spanish Index. -There is a gap at EUR 27-28 that needs to be covered. -ITX did not break the FIBO 0,61 level. Enjoy your trading!
BME:ITX
by Adrian_Armentia
EBRO FOODS ... FROM SPAIN TO TEH WORLDI'm very instinctiv when I 'm looking for a good share to buy. I was buying in the shop were I always used to go and then I found a new brand of Pasta. The package was nice, it was an italian brand, I cooked it and it was really good, al dente! So I asked me, why this good and unknown Pasta is now in this market? I made a quick Research and I discovered that behind this Pasta there was Ebro Food a big industry. I personally think that Alimentation is changing, as well consumism. Big industry have to Change their products and target if they want survive. Trying to overfeed people (in europe for sure) is no more the way to improve profitability . If the quantity that you sell is lower, then you have to sell better quality at higher Price. I think that ebro Foods understood this and is trying to expand this type of market and I suppose they will succed. Looking at the Charts we can see that there is a clear resistance around 21.4 Dollars pro Shares- Since April 2016 we rebounded against this resistance, forming an ascending triangle. A break out of this line will rapidly bring the share around 26 Dollars pro Shares. Now we just had a strong Impulse and the shares reached again the resistance. I find disturbing that CMF is decreasing, which could be a bearish divergence. moreover there is some Distribution and no more accumulation. I think that this Graphs explain the Situation. Good products in a uncertain market. In the next months we will assist to an important movement up or down. A catalyst is what is needed. I will try to buy the break out, but for the Moment I stay away from Ebro Food. BIO
BME:EBRO
by FerdiHodler
ITX-2k18 Summer Season View 3 Months till Mid end August**Hey there! Here's a possible movement for the next 3 months till mid-end August. You can find further information about my chart and idea in the chart itself in three separate Black Boxes (so called black wall). Please note that every chart posted about companies is build on information build and based by many different medias and gazettes. Part of it is also made of information taken from the chart itself, by checking it's history and movement. Thank you! Best regards, Egzon Shabani
BME:ITX
by Egzon-Shabani
3