$LVMHF
Added 2024-11-07 16:13:52 +0000 UTCA number of requests for this since Trump won.
Market may feel that a rush to buy luxury items may come next with a Trump presidency.....I am not full convinced of this...but what I do like is the 3 very clear waves down since hitting Wave 5 at $1000
Price did drop between the 038 Fib and 0.5 Fib and the price is testing the 0.38 Fib from below now at $673
If this level is flipped to support then bulls could be looking at a reversal here, especially if the 50 Day MA, just slightly above is taken too and then a bounce to $800 to the 200 Day MA is on
It's worth paying attention to.
A rejection at $683 and the 0.5 Fib or lower is on to test next
