Short term view - LVMH : The support has been reached, it causes the bounce.
The trend has been momentarily interrupted by a correction. It approaches the resistance at €306.10, which also is the invalidation level. It should cause a fall and resume the bearish trend. The next target is at €257.96. The invalidation level is below €306.10.Arguments :
- The support has been reached, it causes the bounce.
- The moving average is supporting prices.
LVMH Moet Hennessy Louis Vuitton is a manufacturer and retailer of luxury goods. Co. offers champagne and wines, cognac and spirits, fashion and leather goods, perfumes and cosmetics, watches and jewelery; and is engaged in selective retailing. Its operations are organized along five business segments: Wine and Spirits, Fashion and Leather Goods, Perfumes and Cosmetics, Watches and Jewelery, and Selective Retailing. Co. is also engaged in other activities (Media with Les Echos group, La Samaritaine and Luxury yacht with Royal Van Lent). Some of Co.'s brands are Moet & Chandon, Dom Perignon, Louis Vuitton, Fendi, Donna Karan, Parfums Christian Dior, Guerlain, Parfums Givenchy, and TAG Heuer.
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