Hermès: 20 weeks of decline and a double bottom to watch
Hermes International — a mature decline sending mixed signals
Hermès: 20 weeks of decline and a double bottom to watch
In Summary
Hermes International is in week 20 of a sell signal, with the short position up 15% from inception. The technical picture is beginning to send mixed signals: the MACD histogram has turned positive over the last 2 weeks and momentum has recovered sharply, but sellers came back in force this week with 84% of volume. The double bottom in the 1550 area is the key structure to watch.
IQS Phase
56
ordinary
Signal Strength
2
indecisive week
Sizing
MINIMUM
Ranking
#40 / 54
EU-UK stocks
Trade P&L %
+15.16%
from signal to today
restricted Platinum content