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Short H&M on retail clothing looking bearish

Singkat
Hennes & Mauritz AB (OTC:HNNMY)  
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Trend Analysis Fundamental Analysis shortsetup
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trendanalysis fundamental shortsetup
We are bearish on retail apparel companies for the most part given the current macroeconomic environment which has a decent probability to continue well into 2023. R = 2.13 on this trade which makes it a go for us.
Komen:
If you are still in this trade this is a good time and place to add to your short. also move the SL to a better position now that there is room.
Penafian

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