The 200 WMA behaves like a magnet at all times and even more so when the price is below this MA.....value hunters will always prefer to take the risk on positions when they are below their 200 WMA....especially when they are sector leaders.
Which makes $LVMHF a prime target for safe money.
$LVMHF has moved +8% in Europe this morning and I expect this to move the US position too
A higher high next above $694 and this can move back up to the 200 WMA at $767.