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LVMH??!

Why does $MC (-2,33%) 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.

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9 Commenti

immagine del profilo
As an LVMH owner, I can tell you that it will go down again on MondayπŸ˜‚πŸ˜‚
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@Therapeut Sunday comes a deal between the EU and the USA and then LVMH to the moon 😁
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immagine del profilo
At least -3%. Unless the EU/US tariff deal comes on Sunday.
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immagine del profilo
@Therapeut I'm already used to that πŸ€£πŸ€£πŸ“‰
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immagine del profilo
1Settimana
Maybe the earnings were not as bad as expected
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@AdrianAA I bought a few shares
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immagine del profilo
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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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immagine del profilo
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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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immagine del profilo
Negative trend. Wait and see. Buy signal, buy.
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