Technical Analysis Of LVMH Moet Hennessey Louis Vuitton SE
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Today’s instrument is the LVMH Moet Hennessy Louis Vuitton SE, a France-based luxury group active in six sectors: Wines and Spirits, Fashion and Leather Goods, Perfumes and Cosmetics, Watches, and Jewelry, Selective Retailing and Other Activities, traded in Euronext Paris exchange under the ticker LVMH.
Looking at LVMH’s chart, we can see that it is in an uptrend, and it was lastly traded around €840.
Today it is announcing its quarterly earnings results, and if the market’s anticipation is positive, then we could expect it to approach its 52 high at €855.20. On the other hand, we should expect a retreat towards the support level at around €800.
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