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Take a look at the long-term chart since 2009! You can clearly see that the very nice upward channel has been clearly broken. At most, there may be one more test of the break, then comes the long decline.
The share would be a no-go for me, especially from a technical perspective.
The share would be a no-go for me, especially from a technical perspective.
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@Epi According to your charting logic, the rise from October 2022 (€321) to February 2024 (€451) should never have happened?
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@DusselDuck On the contrary! According to the chart logic, an entry would have been advisable at € 321 in 2022.
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@Epi "Coincidentally", I actually got in at around that price (and am still holding). But why should there be a long (!) decline now? (sorry, I don't take chart technology all that seriously).
For me, L'Oreal is still a top company (in the long term) and its valuation is as "cheap" as it was in 2018. In this respect, the current price level is - for me - already in the buy range (even if it MIGHT go down a few points).
Just my opinion!
For me, L'Oreal is still a top company (in the long term) and its valuation is as "cheap" as it was in 2018. In this respect, the current price level is - for me - already in the buy range (even if it MIGHT go down a few points).
Just my opinion!
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Chartists hate value and love their scribbling in front of the PC 🫠
A top pick in the long term. Would become weak at prices below €300.
A top pick in the long term. Would become weak at prices below €300.
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@IBilly Another question, for example, is €300 per share fundamentally covered?
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@DusselDuck A longer decline is likely for the reason mentioned above: the break of the stable and clear upward trend since 2009. If something is so clear, others will also see it and then it should not be ignored. The chart contains information that you are not necessarily aware of.
I myself use chart technology primarily to plan a specific entry or exit. In the end, both have to be right for a share: Fundamental data and chart technology.
I myself use chart technology primarily to plan a specific entry or exit. In the end, both have to be right for a share: Fundamental data and chart technology.
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@Epi Let's take a look 😉
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@Epi "The long decline" - you didn't have it any smaller, did you? That sounds like L'Oreal is a restructuring case with a tendency towards insolvency, like Bayer.
How is that supposed to be justified? It is still a global market leader, with growth, solid margins, a good balance sheet, strong positioning in emerging markets, well-known brands, etc.
It can't be that the "decline" is only being heralded because of a tax reform and a weak economy. Especially since, as I said, there are macroeconomic reasons that are affecting the entire industry.
I'm only concerned with the dramatic wording 🎭 Of course, I would still be interested to know at which target you would expect a bottom to form? Having different opinions is a good thing.
How is that supposed to be justified? It is still a global market leader, with growth, solid margins, a good balance sheet, strong positioning in emerging markets, well-known brands, etc.
It can't be that the "decline" is only being heralded because of a tax reform and a weak economy. Especially since, as I said, there are macroeconomic reasons that are affecting the entire industry.
I'm only concerned with the dramatic wording 🎭 Of course, I would still be interested to know at which target you would expect a bottom to form? Having different opinions is a good thing.
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@Soprano I have no opinion on the fundamentals of L Oreal. It is often the case that the story follows the share price anyway. Is it the same here? In any case, the story and the chart don't match at the moment, which is why I'm pessimistic.
Fibonacci levels are a good way of determining price targets after trend breaks. If you take the trend since 2009 as a basis, they are pretty much exactly €300, €250 and €200.
You should keep in mind that the company can remain a good company even if it reaches these levels.
Fibonacci levels are a good way of determining price targets after trend breaks. If you take the trend since 2009 as a basis, they are pretty much exactly €300, €250 and €200.
You should keep in mind that the company can remain a good company even if it reaches these levels.
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@Epi I can confirm that the chart and the news do not match. For me, however, this is a reason for optimism.
But I still find it valuable to read your input on possible price markers in a bearish scenario.
But I still find it valuable to read your input on possible price markers in a bearish scenario.
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