2Wk·

LVMH??!

Why does $MC (-0.34%) 5% today despite really inferior figures. I mean I'm happy because I have them in my portfolio but I haven't found any news about it.

Maybe one of you stock market experts knows more.

9 Comments

DerDanner@Therapeut

2Wk

As an LVMH owner, I can tell you that it will go down again on Monday😂😂

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SunriseRanger@SunriseRanger

2Wk

@Therapeut Sunday comes a deal between the EU and the USA and then LVMH to the moon 😁

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Michael D.@Angstundbange

2Wk

At least -3%. Unless the EU/US tariff deal comes on Sunday.

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Timur K.@ShindyDeanMartin

2Wk

@Therapeut I'm already used to that 🤣🤣📉

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Adrian@AdrianAA

2Wk

Maybe the earnings were not as bad as expected

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market_expert_gbtws@market_expert_gbtws

2Wk

@AdrianAA I bought a few shares

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OneRiff@Oneriff

2Wk

The new seems to be that LVMH is talking to sell Marc Jacobs for 1 billion dollar. Talking is happening whit multiple party's including Authentics the owner of Reebok, Bluestar Alliance the owner of Brookstone and WHP Global the owner of fashion label Vera Wang.

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OneRiff@Oneriff

2Wk

The real reason is difficult to say, technical $MC has set a higher low on daily time frame. If it can set a higher high daily close over 505 then the trend is reversing to up. On the weekly chart a head and shoulder pattern is forming. It can take time but LVMH maybe ready to start moving up again.

On the weekly timeframe 560 seems reasonable, from there it's anybody's guess and needs evaluation if and when this happens.

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Husar@financial_guru_2493

2Wk

Negative trend. Wait and see. Buy signal, buy.

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