ITX might be looking for a 5th wave to the upside.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.by FlpatiPublished 0
ITX Breakout trade setupShort term analysis on ITX stock. Breakout pull back setup. Waiting for the price to come back to prior resistance zone for entry.Longby agave1828Updated 0
Trading Idea - #Inditex#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 also includes Pull&Bear and Bershka. Inditex saw slower sales growth in the final quarter due to new Covid restrictions, but sees rising earnings and a strong business recovery at the start of the new fiscal year. Last year, the Spanish fashion chain with brands such as Zara, Massimo Dutti and Bershka significantly increased sales, net profit almost tripled and margins improved significantly. From a technical analysis perspective, we are at a support level. All signs indicate a bounce and thus a recovery of the chart. According to the current valuation, the fair price (if there is such a thing :-) ) of the share is between EUR 29 and 30. Estimated financial data (EUR) YEAR 2022 Sales 2022 = 27,931 million Net income 2022 = 3 646 million Net liquidity 2022 = 8 446 million P/E ratio 2022 = 18.0x Dividend yield 2022 = 4.82 YEAR 2023 Sales 2023 = 28 855 mn Net income 2023 = 3,626 million Net liquidity 2023 = 10 468 million P/E ratio 2023 = 18.1x Dividend yield 2023 = 5.23Longby Traderherz-AnalyticsPublished 1
ITX Ascending Triangle PatternIn this update we review the developing ascending triangle pattern, identifying a high probability trading opportunityLong0by TickmillPublished 222
Artistic look"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.Longby TRADIN_GRPublished 3
Inditex may reach 31.85€ +17.5%Inditex has activated a doublte bottom pattern with potential target to 31.85€ +17.5% from current price.Longby compoundinterest7Published 6
ITX - Zara is going to re-open his shops country by countryITX is going to recover the 32 EUR in the next weeks, today 3.8% www.informador.mx www.lefigaro.frLongby imbcnUpdated 5
Inditex long term trendMultiyear 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 following 2013-2015 trendline B - Rebound in April 2020 to 26 euros C - Potencial C wave to 14 euros implying a 56% drop, this would be a shake out on the third redistribution. Potential catalyst for C Wave is 1-2 months after re-opening of stores across Spain and Europe as only 30% of stores in Spain are re-opening and people may not return to pre-covid consumption habits, this may cause a 30-50% drop in sales Entry point: 24 Stop loss: 25.5 Take profit 1: 20.64 Take profit 2: 19.7 Take profit 3: 18.47 Take profit: 14.47Shortby WKMAnalyticsPublished 5
Inditex facing MM 200 weekly.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.Longby SycnoxPublished 2
ITX playAs you can see last year we repeat the same pattern , break 200ma and run it up to the deathcross. SAME PATTERN is going on here :) and with a big gap. So what i think will happen is the next : Price will run UP and fill this gap , once it fills there will be a rejection and a deathcross , so go Short !! M0byyLongby BuyinfearUpdated 2
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!by Adrian_ArmentiaPublished 0
ITXITX is still in its way to the target of (61 fib) 27 eur. Stoploss in 29 EURShortby mirleftdreamPublished 2
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 by Egzon-ShabaniPublished 332
ITX-LONGTERM VIEW 2k18 - BUYHey there! My idea behind this chart is, the possibility to profit of an long term trade, by buying on the lowest of it's points. Since the low of the ITX Chart is yet by approx. 26,7-27,9, it may be the best Idea to buy at These Points and sell at About the end of the year, by beginning of the winter Season. ( When Inditex companies Show their first buyable items for the winter Season). DM me for further Information. Best Regards, Egzon Shabani Longby Egzon-ShabaniPublished 2
THE BIG INDITEX - Daily ChartHey Guys, As simple as this. Either Black (Plan A) or Red (Plan B). - Hey Chicos, Tan simple como esto. O Negro (Plan A) o Rojo (Plan B). Carlosby ccerezo11Published 4
Falling knife at ITX, Long. At 23,93 there is an 0.382 fib retractement level from 2002. There also an AB=2.618*CD matching that level so I expect some rebound to the T1, 28.93 and T2 31.99. I have taken some long position. Let's see next week. GLLongby AmanitaUpdated 220
INDITEX: a confirmed multibottom pattern I just opened a long position on Inditex based on the multibottom pattern and very nice throwback to support.Longby AntoninoRomano37Published 2
Longs at monthly demand zone on Inditex #ITX Spanish Stock at 31Longs at monthly demand zone on Inditex #ITX Spanish Stock around 31.61, clear bigger picture uptrend with demand levels being created and supply zones being eliminated. This is a long term setup. Longby AlfonsoMorenoPublished 7