Trading Hugo Boss 18.09.2018

The share price of Hugo Boss has reached a good support level which has already been proven in the past. Therefore, I would like to go long since the risk/return trade-off seem to be favourable.

The support zone can be seen on the above chart…at the moment the price is testing the support at 66.50 – 66.80.

Based on the above, I will be doing the following:

Long from 67.12

Stop loss at the closing weekly prices below the levels of 66.50.

1st target (where I will be also putting the breakeven stop) at 70

Final target at 79

 

 

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article written by Riccardo Zago

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