DBD Strategy Daily - LUXURY : a review of major stocks.
French luxury is shining again. Kering is clearly in a bullish trend both short-term and medium term with extra headroom. Other stocks have been in consolidations for a few weeks, the medium term trends are still bullish for most. There is not a signal yet that they will breakout immediately. For the time being, favour buying small drops. Swatch and Luxottica have interesting short-term set-ups, they have lagged for a long time but there is an opportunity for a financial catch-up. Pandora is still bearish, and though Burberry is geting close to a major support area we would wait a little longer for a stabilisation to go back to the stock.
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