Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Elliott Wave Analysis by EWF
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="Elliottwave-Forecast, post: 210088, member: 40858"] Moët Hennessy Louis Vuitton, commonly known as LVMH, is a French multinational luxury goods company. Headquartered in Paris, LMVH was formed 1987 through a merger of the fashion house Louis Vuitton (founded in 1854) with Moët Hennessy (established in 1971). The company controls and manages 75 prestigious brands under the umbrellas of 6 branches: Perfumes and Cosmetics, Wine and Spirits, Watches and Jewelry, Fashion Group, Selective Distribution, and Other Activities. LVMH is a part of CAC40 index. Investors can trade it under the ticker $MC at Euronext Paris and under $LVMHF in US in form of ADRs. From the first days on the stock exchange, $MC title is in a permanent growth. From the fundamental point of view, this behavior may demonstrate a steady need of luxury goods in the society. Even though the wealth in the world is unequally distributed, however, the growing demand in luxury products is obviously present. The latter should be rising even stronger in the coming years. This development should advance, without any doubt, the luxury giant LVMH to new highs. In the initial article from October 2020, we have forecasted the break of January 2020 high to take place. We were right. $MC has not only broken 439.05 highs, but the stock price has printed an all-time high in January 2022 at 758.50. Here, we provide an update and outlook. [HEADING=3]LVMH Monthly Elliott Wave Analysis 06.29.2022[/HEADING] The monthly chart below shows the LVMH stock $MC listed at Euronext. From the all-time lows, first, the stock price has developed a cycle higher in wave (I) of a super cycle degree. It has ended in August 2000 at 98.70. From the top, a correction lower in wave (II) has unfolded as an Elliott Wave zigzag pattern. It has printed a bottom on September 2001 at 28.40. From the September 2001 lows, LVMH has broken to new highs and is still within a strong rally. This rise shows an extension of more than 4.236 multiples in relation to the length of the wave (I). Without any doubt, one can qualify the cycle higher as the blue wave (III). From 2001 lows, it shows 7 swings higher. Currently, the 8th swing in red wave IV is unfolding as a double three structure. Once finished, the 9th swing within wave V should end the impulse in wave (III). Indeed, motive sequences develop in 5 – 9 – 13 – 17 – … (5+4 x n) swings. Therefore, one should expect a new high above 758.50 which will provide the 9th swing from September 2001 lows. On the one hand, a new high and 9 swings may accomplish the 2001 cycle higher in blue wave (III). On the other hand, they dont have to. As mentionned above, 13, 17 and more swings within cycle in wave (III) are also possible. [HEADING=3][URL='https://elliottwave-forecast.com/wp-content/uploads/2022/06/MC-Monthly2.jpg'][IMG alt="LVMH Elliott Wave Monthly"]https://elliottwave-forecast.com/wp-content/uploads/2022/06/MC-Monthly2-300x147.jpg[/IMG][/URL][/HEADING] [HEADING=3]LVMH Daily Elliott Wave Analysis 06.29.2022[/HEADING] The daily chart below shows in more detail the 8th swing lower. From the all-time highs in January 2022 at 758.50, the pullback in red wave IV is unfolding as a double-three correction. First, 3 swings of black wave ((W)) have bottommed in March 2022 at 543.90. Then, a bounce in wave ((X)) has printed a connector at 675.20. Later, a new low below 543.90 has opened a bearish sequence. Therefore, more downside within black wave ((Y)) should take place. Currently, wave (C) of ((Y)) is in progress. Investors and traders should be looking to buy LVMH in a pullback from 460.23-327.43 area targeting towards 828.89 and possibly higher. [URL='https://elliottwave-forecast.com/wp-content/uploads/2022/06/MC-Daily2.jpg'][IMG alt="LVMH Elliott Wave Daily"]https://elliottwave-forecast.com/wp-content/uploads/2022/06/MC-Daily2-300x147.jpg[/IMG][/URL] Source: [URL]https://elliottwave-forecast.com/stock-market/luxury-lvmh-opportunity-rally/[/URL] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…