LVMHF
Added 2024-01-06 20:04:44 +0000 UTCHas pulled back from its Top Blue line at $1000 for the later stage of 2023 and hit the yellow trend line, close to the 0.38 Fib at $680 and found support.
I can see 5 waves up here to $1000, so it is possible that a second test of the yellow trend line may not hold and we see a move down to the amber Fib levels over the next 9 months.
I would watch for a test of the 200 Day MA for a rejection, this would be the trigger for a move down.....however, if the price action can flip this level to support at $850, the price can make another attempt at the blue line at $1000 and continue higher up the channel.
Comments
Thx for the update, i am a french investor, si this stock is interesting me too ππ. Thx for update it sometimes
Luskha
2024-01-06 21:35:38 +0000 UTC
