Luxury goods giant Hermès International (RMS) is testing its mettle against a key resistance level on the three-month price chart. Currently trading at $2,387, the stock has reached a critical juncture, prompting to question whether a breakout or a pullback is more likely.
The resistance level in question represents a three-month trend line, acting as a barrier...
HERMES: Bearish -BUTTERFLY detected +R.O.C Divergence
concerning Hermes the Wolf of Zurich detected a harmonic figure Butterfly in "Daily"
the market can go back down to its gap around 2073.
then around 1980 € and finally around 1850 according to my Wolfe wave
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the "ROC" is in positive territory in "daily" but in "1 hour" the rock makes a divergence with the...
Hermès International S.A. is a French luxury design house established on June 15th 1837. It specializes in leather goods, lifestyle accessories, home furnishings, perfumery, jewelry, watches and ready-to-wear. Since the 1950s, its logo has been a depiction of a ducal horse-drawn carriage.
'Event risk' looms, but strength has re-emerged.
There is a good price for buying already but the desirable one is 1668 to end up the correction patterm (it is probable to happen). Neverdeless start open long position is a good idea (in my opinion)
Hermes International SA is a French luxury goods manufacturer that has been a distinguished name in the luxury industry since its inception in 1837. The company operates across a diverse range of high-end goods including leather accessories, ready-to-wear clothing, jewelry, silk and textile products, art of living and tableware, perfumes, and watches. It also...
Hermes is a French fashion house offering a wide range of goods.
They have had a great run over the last 12 months or so in a softer economy so could be interesting to keep an eye on. Up 100% over the year, but the RSI and MACD indicate better value might be ahead if looking for an entry.
One to watch.
HESAY on this Logarithmic chart has gone parabolic
A slanted double bottom can be observed
This will push price up towards a double top (red horizontal)
The double top might occur but the parabolic trend will likely not break
Hence the continuation bars pattern in green
The Chart currently shows Bullish signal as per these indicators:
1. Bullish Falling Wedge Chart Pattern
2. Bullish Divergence (RSI)
If the upper trendline is broken can expect further upside potential.
For educational purposes
Hermès International S.A., or simply Hermès, is a French luxury design house established in 1837. It specializes in leather goods, lifestyle accessories, home furnishings, perfumery, jewelry, watches and ready-to-wear. Its logo, since the 1950s, is of a Duke carriage with horse
expected pay out of about 300 euro profit a week
Hermes, showing bullish divergence on RSI. Has put in a double bottom and bounced off a trendline that's been in place since 2018. Tight stop at 1032 making for nice risk to reward with first TP at 1295 and second at 1550.
Following the sharp decline (-30.85 %), since the ATH @ EUR 1678.00 reached on December 1st, 2021, the price action triggered an HAMMER (reversal pattern) coupled
with a RSI BULLISH DIVERGENCE, which is a first positive signal calling for a trend reversal towards higher levels.
Important to also note that a potential DOUBLE BOTTOM is in progress (first bottom...
Classical play here. End of the 5 wave ride, now zigzagging. This is accompanied by a divergence, dropping momentum and sloped downward moves. Goodluck out there!
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci...
