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Inditex video analysis: as long as the May lows endure everything is still in order

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Since the highs of early June, the titles of the textile giant have left 15% on the road, which places it close to the support it has at the lows of May.

Technical analysis
VALUES IN SIDE TREND

Short term

Medium term

Long term

In view of the weekly chart we can see how the titles of the textile giant of our country present a clear control zone below (support) at 21.50 euros and above (resistance) at 27.20 euros, in round numbers. And until the price does not leave there we will have no clue about what may be the next trend. Of course, it is important that the support that the underlying has at the last reaction minimum is respected at all times: the May lows at 21.54 euros. Losing this support in weekly candles would suppose a clear deterioration of the chart. But as long as the trading bias is not drilled in the worst case it will be neutral.

. (tagsToTranslate) Video analysis (t) Inditex: (t) while (t) hold (t) minimums (t) May (t) everything (t) follows (t) order (t) Category: All (t) Category: Market Report (t) Category: Technical Analysis (t) Category: Pulses (t) Category: Analysis (t) Category: Market Pulse (t) Category: Sectorial: Retail Trade



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