Trading Idea - #LVMH
My trading idea for LVMH - long / buy
Target: 690.00 EUR (approx. 10% profit potential).
LVMH with continuous growth in Europe and a recovery in the Asian market allow a positive outlook for the company.
Management is focused on the long-term development of the brands supported by strong sales data from the Q3 report.
On the chart, the EUR 610.00 support line was successfully tested this month. In the short term, a further upward movement is expected.
Target: 690.00 EUR (approx. 10% profit potential).
LVMH with continuous growth in Europe and a recovery in the Asian market allow a positive outlook for the company.
Management is focused on the long-term development of the brands supported by strong sales data from the Q3 report.
On the chart, the EUR 610.00 support line was successfully tested this month. In the short term, a further upward movement is expected.
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