$LVMHF - TOP 10 -
Added 2025-01-07 13:01:24 +0000 UTC$ASML got a lot of attention yesterday from our Top 10 list and finished the day up +7.5% but $LVMHF had an equally strong day, as it flushed down at the opening to the 0.618 Fib and bounced strong to finish the day up +4%.
The price action also finished the day above the 50 Day MA too.
A number of analysts have $LVMHF as one of their top picks for 2025, so making a higher low on the 0.618 Fib and 50 Day MA is certainly a good start to 2025.
Moving higher above the 0.38 Fib at $676 and converting this level to support then I believe the 200 Day MA is next at $740.
Any rejections now making a higher high could result in making a lower low, particularly down to the 0.5 Fib at $574.
But overall, the price right now favours the reward side as the market may look to diversify into luxury goods and outside of tech for 2025.
Comments
As the DXY strength is concerning and there’s a risk of 10% downside, I’d love to see this, and perhaps others (ASML, NOV, etc) as € buy opportunities to help de-risk our S&P and USD exposures.
Nick E
2025-01-08 15:20:56 +0000 UTC
