LVMH, retesting supports before a bounce?

2022년 12월 30일

LVMH stock rallied and gained momentum after forming the Rounding Bottom pattern, now it is been trading in a downtrend channel, and, seems like it is forming it precisely because the price has been rejected by the upper side, so, if it confirmed to be valid, it will continue its way in the channel until the channel tests the last support, and when so, we'll see a great bounce to the previous levels before making new highs.

NOTE: DYOR, stay cautious to place STOP LOSSes, and trade your own personality.