$LVMHF - TOP 10 -
Added 2025-04-15 11:07:07 +0000 UTC$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
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
Neil
2025-04-15 15:39:23 +0000 UTCSo 471 we should add ?
David K
2025-04-15 12:45:52 +0000 UTCI think it's down because of outlook on fundamentals.
Assad Hezabr
2025-04-15 11:26:08 +0000 UTCI’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
Giorgio
2025-04-15 11:08:46 +0000 UTC
