DBD Strategy Daily - CONSUMER STOCKS : H&M at a long term support
H&M is losing another 7% this morning, extending the drop over three years to roughly 57% (dividend adjusted). It joins a major long-term level that should interrupt the drop for a while. Other consumer stocks are not as severely hit, but most are in undecided consolidations. There are no clear immediate opportunities. We will have to wait for short-term signals and those could just as well be improvements or deteriorations.
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