LVMHبيع
BEARISH - LVMH 60MN - IDEAS WHY
Super strong resistance up there at 362.60.
Atfer a series of testing the market breaks the uptrend support
to end out breaking also the VWAP with strong volumes as a backup.
Last volume is the biggest and the tentative of new uptrend signal has been rejected at the VWAP.
Coming next:
-Most likely a bearish movement targeting first the 328.30 level.
-Possibility to go further down.
-Otherwise the market could again test the VWAP.
Decision will then to be taken after observation of new pullback or break.
Atfer a series of testing the market breaks the uptrend support
to end out breaking also the VWAP with strong volumes as a backup.
Last volume is the biggest and the tentative of new uptrend signal has been rejected at the VWAP.
Coming next:
-Most likely a bearish movement targeting first the 328.30 level.
-Possibility to go further down.
-Otherwise the market could again test the VWAP.
Decision will then to be taken after observation of new pullback or break.
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