After breaking a bearish wedge, MC is now forming a bullish wedge. Looks like it could break to the upside, making way to retest 278 & possibly 310 to retest previous wedge resistance and top.
LVMH has been good to me in in 2018. So far I've had two correct calls and I hoping that this would continue the positive trend.
The sector has been hot however valuations are quite elevated. Also, these are pure bull market stocks which has a wealth effect on both the upside and downside.
On Oct 9 we saw a breakdown on high volume while the recent uptick has...
You love France? Me too! Here is the analysis of LVMH for the end of the day.
This analysis used Fibonacci and my indicator called "Min_equity_Thesis_indicator" in Public library of Trading View. I estimated the way of LVMH over the next day.
But in Short term my signal is short with a target price of 1.23.
If you have any comment, let me know.
W1 - We are possibly the third leg of a Special cycle.
D1 - Price broke above the range and it is now pushing upwards.
H4 - We are now looking for pullbacks and then we can go long.
H1 - Price moved up already.
In order for the bullish momentum to continue, 223.60 is the next important level that we want to see broken up
in order for us to continue looking for buys 216.00 must hold
For those of you who cashed out already, any pullback is a possibility to go long again (but again 216 must hold).
I will be looking for longs once the opportunity presents itself. I believe this stock is making a correction at the moment.
211.85 (already reached more or less), next zone is 195.80, and final area is 185.00. I have marked 3 levels to watch for where I expect the reversal to happen.
Weekly - Potential bullish divergence
D1 - Another bullish divergence -
Be...
