LVMHViés de alta
Daily 4XSetUps - 1MC Disappointing Figures Published Yesterday
Daily 4XSetUps - 1MC
Disappointing Figures Published Yesterday
"todays price action with a gap at the 2024 year low's"
In the third quarter, sales of LVMH MIL:1MC fell by three percent without taking into account currency effects and acquisitions and sales of parts of the company, as the company announced on Tuesday after the stock exchange closed in Paris. Analysts had on average expected slight growth of 0.9 percent. Overall, there was a decline in sales of 4.4 percent to 19.08 billion euros. This is also less than experts expected. Most watchers had previously expected 20.05 billion euros. Demand for fashion and leather goods in particular was disappointing in the third quarter.
The shares of the French luxury goods group LVMH (Louis Vuitton Moët Hennessy) MIL:1MC came under significant pressure while today. Investors were reacting to disappointing quarterly figures that the company presented in the evening. LVMH continues to struggle with subdued demand.
I don't want to deceive you: I have already formulated far better 4XSetUps than in the case of the LVMH share MIL:1MC . But I am a lover of the company and the shares! And hope that the turnaround succeeds! How? I'll try to outline that briefly!
622.5 EUR - (2024/10/15) - yesterday's closing price action
610.0 EUR - (2024/10/16) - today's daily high price action
605.0 EUR - (2024/10/16) - last price action
579.7 EUR - (2024/10/16) - new annual low 2024 traded today
First, yesterday's bearish GAP must be recaptured! So the LVMH shares MIL:1MC are trading above EUR 610.0 & EUR 622.5 again. In order to then reconfirm the bullish GAP from last month (September 2024). And that is only when the bulls win back the price action between 620.4 EUR & 644.0 EUR too! Why? Because otherwise the short-term picture continues to look bearish! And we will have a price action around 550 EUR? Yes, maybe even lower prices than 550 EUR? What could happen faster in the future than we would like to think aboiut it today! Therefore, you should definitely place a stop loss - for self-protection - to avoid further losses! Which from today's perspective - according to the figures published yesterday - have not become any less likely. If traders and/or investors decide to continue to see the LVMH share MIL:1MC even cheaper around the current annual lows in 2024.
But please don't panic!
Should the share continue to trade above our stop loss at EUR 550 until the end of this year 2024? Then we would have a nice long-term trend reversal formation! Which is what this daily 4XSetUp was aimed at! But the market (the majority of traders and/or investors) has punished the poor quarterly figures so far, at least today! What i also have not excepted?
Have a good time
- regardless of the price action!
Aaron
“daily 4XSetUps - …” is pure information material!
By trying to give you even more information about some trading capabilities to trade and/or invest in some securities. This post is not a call to action - it only provides information. You decide (not) to decide. Even if I am writing daily 4XSetUps with concrete entry prices, target prices and/or also stop prices! It is like it is - like I said; You decide to respond to the analysis I just formulated to buy, to sell, or to do nothing! More information about my approaches to investing in something specific or just trading it, or even just describing it, can be found in the daily "Another 48h - DXY ...! Analysis Post. Where I try to track the price action in TVC:DXY every day so that we learn something new daily.
Disappointing Figures Published Yesterday
"todays price action with a gap at the 2024 year low's"
In the third quarter, sales of LVMH MIL:1MC fell by three percent without taking into account currency effects and acquisitions and sales of parts of the company, as the company announced on Tuesday after the stock exchange closed in Paris. Analysts had on average expected slight growth of 0.9 percent. Overall, there was a decline in sales of 4.4 percent to 19.08 billion euros. This is also less than experts expected. Most watchers had previously expected 20.05 billion euros. Demand for fashion and leather goods in particular was disappointing in the third quarter.
The shares of the French luxury goods group LVMH (Louis Vuitton Moët Hennessy) MIL:1MC came under significant pressure while today. Investors were reacting to disappointing quarterly figures that the company presented in the evening. LVMH continues to struggle with subdued demand.
“To make money in the markets, you have to think independently and be humble.”
Ray Dalio
I don't want to deceive you: I have already formulated far better 4XSetUps than in the case of the LVMH share MIL:1MC . But I am a lover of the company and the shares! And hope that the turnaround succeeds! How? I'll try to outline that briefly!
622.5 EUR - (2024/10/15) - yesterday's closing price action
610.0 EUR - (2024/10/16) - today's daily high price action
605.0 EUR - (2024/10/16) - last price action
579.7 EUR - (2024/10/16) - new annual low 2024 traded today
First, yesterday's bearish GAP must be recaptured! So the LVMH shares MIL:1MC are trading above EUR 610.0 & EUR 622.5 again. In order to then reconfirm the bullish GAP from last month (September 2024). And that is only when the bulls win back the price action between 620.4 EUR & 644.0 EUR too! Why? Because otherwise the short-term picture continues to look bearish! And we will have a price action around 550 EUR? Yes, maybe even lower prices than 550 EUR? What could happen faster in the future than we would like to think aboiut it today! Therefore, you should definitely place a stop loss - for self-protection - to avoid further losses! Which from today's perspective - according to the figures published yesterday - have not become any less likely. If traders and/or investors decide to continue to see the LVMH share MIL:1MC even cheaper around the current annual lows in 2024.
But please don't panic!
Should the share continue to trade above our stop loss at EUR 550 until the end of this year 2024? Then we would have a nice long-term trend reversal formation! Which is what this daily 4XSetUp was aimed at! But the market (the majority of traders and/or investors) has punished the poor quarterly figures so far, at least today! What i also have not excepted?
Have a good time
- regardless of the price action!
Aaron
“daily 4XSetUps - …” is pure information material!
By trying to give you even more information about some trading capabilities to trade and/or invest in some securities. This post is not a call to action - it only provides information. You decide (not) to decide. Even if I am writing daily 4XSetUps with concrete entry prices, target prices and/or also stop prices! It is like it is - like I said; You decide to respond to the analysis I just formulated to buy, to sell, or to do nothing! More information about my approaches to investing in something specific or just trading it, or even just describing it, can be found in the daily "Another 48h - DXY ...! Analysis Post. Where I try to track the price action in TVC:DXY every day so that we learn something new daily.
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