Chart structure similar to that of another luxury goods business, Kering , where €620.00 was a big level in April.
Phase in and add on a close above €182.00
Stop: € 169.00
As per their recent results presentation (via Investor Relations):
STRONG FIRST QUARTER RESULTS AND RECORD ORDER BOOK;DECISIVE MANAGEMENT OF COVID-19 PANDEMIC IMPACTS
Q1 sustained by product mix with EBITDA(1)at €376M, +18.6% vs. Q1 ‘20 and +20.9% vs. Q1 ‘19, with a margin of 37.2%.
Sound industrial FCF at €147M.
Robust net order intake and record order book.
Most profitable models with strongest demand
Confident to reach top end of the 2021 guidance range2022 financial targets postponed by one year due to actions taken in response to Covid-19