TrendBridge

LVMH Long Idea

Long
EURONEXT:MC   LVMH
Logic: in confirmed uptrend following steep correction & 2 month sideways consolidation.
Entry: €365 or better, (ideally to be bought on a pullback into 200D EMA in the €360-€365 area).
Stop: €343
Risk: -6.03%
Target: €403 initially (gap close), longer term €426, yearly R1 area.
Gain: +10.41% & longer term +16.71%

Note: longer term play in the strongest luxury name.
Comment: Gap close 5th June 2020. Remains bullish.