MC LVMH - Louis Voutton - DONT MISS IT - Long/buy Idea
Dear traders,
Id like to share this idea in order to take long positions, basically the price has already rebounded from 610, it is in a long term bullish correction patterm.
In my humble opinion, it is a good option taking a buying position now, there is too much correlation with China as more than 30% of LVMH earnings come from this region and latelly chinese markets have shown a litte improvement therefore would be good for LVMH (Pay attention in the next quaterly earnings figures :) )
Additionally Macd already crossed over in a very oversold area which is a nice signal to reinforce this buying idea.
best,
Id like to share this idea in order to take long positions, basically the price has already rebounded from 610, it is in a long term bullish correction patterm.
In my humble opinion, it is a good option taking a buying position now, there is too much correlation with China as more than 30% of LVMH earnings come from this region and latelly chinese markets have shown a litte improvement therefore would be good for LVMH (Pay attention in the next quaterly earnings figures :) )
Additionally Macd already crossed over in a very oversold area which is a nice signal to reinforce this buying idea.
best,
Penafian
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