Is this the big bad turn for LVMH?

LVMH has had one heck of a run from $39 in 2009 up to $996 in 2023.

But since April 2023, it just has NOT been able to break that $1,000 psychological mark.

And since the beginning of last year, we've seen it form a bearish Head and Shoulders pattern.

Now I am not a total bear yet. We do need the price to break below the neckline before we get all excited about the short.

But until then it's a patience game. We also have other indicators showing potential downside to come including:

Price<200
20>7
RSI<50

Target $412

Let's see how it plays out, cause this could make a change any week now.