The Long Investor
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$LVMHF - TOP 10 -
🕑 Added 2025-04-15 11:07:07 +0000 UTC$LVMHF is also deep in Wave C territory and is still searching to confirm support, with the price action battling on the 0.5 Fib at $573 now for support.
The price action is also in a bullish descending wedge which is on a lot of charts right now and some we have covered this morning.
The downside risk here is the obvious breakdown out of the wedge and testing the 0.618 Fib at $471.
+2.45% Dividend here too and the 200 WMA is at $760 now, so I believe there is a comfortable margin of safety right now and this will increase if the price drops to the 0.618 at $471.
Comments
Neil
Good company but headwinds for a while now, China sales down over couple years, premium drinks markets under pressure (DGE!), now US, and EU do not roll over in negotiations/protectionist ? Been keeping an eye on for a while. Huge family ownership with large shareholding. Very promising ! Thank you
David K
So 471 we should add ?
Assad Hezabr
I think it's down because of outlook on fundamentals.
Giorgio
I’m curious to see how wave C continues to play out with Chinese manufacturers catering to younger crowds by showing the luxury supply chain runs through China and that they’re willing to sell at minimal markup
