LVMH - Portfolio Update

This operation for the medium to long term had been recommended on our Discord and Social media. (Follow us to get all the updates).

Remember that our buy zone had been at 669, from those levels, after a little further accumulation the price started again strongly to the upside.

Our final target for a medium-term trade would be 810(3). This stock surely can also hold in the portfolio for much longer since its value can be much higher in the coming years. Focusing though in the trade itself we have partial targets: 1) 732, 2) 771 and then the final one as mentioned at 810.

These intermediate zones are the ones where the price might struggle the most to break through and where we might see some correction. However, we expect the stock to get to the final target in not too long, remaining yet the break of target 1 the confirmation of the change of three remaining the zone of previous high and where there would be a clear break of the bearish trendline.

Final Comment

In general, we continue to argue that the company's results are strong enough to be priced much higher, apart from the possible recovery of China's economy and their habits (purchasing of luxury goods) , which is undoubtedly the one that would restore lots of power to the sector and in particular to the company.