LVMH Best time to buy is now.Moet Hennessy Louis Vuitton (LVMH) recently broke below its 1D MA50 (blue trend-line) and this is the most optimal buy opportunity for the long-term as following the 1D Golden Cross, a Channel Up is emerging.
This appears to be so far similar to the Channel Up of October 2022 - April 2023, which led the stock to its All Time High (ATH) at the time. Both sequences seem identical as they both started after a -30% decline with a 1D Death Cross, then found bottom and started the Accumulation process for a Double Bottom buy opportunity, which led to the eventual Channel Up.
That past Channel Up peaked just below the 1.5 Fibonacci extension. As a result, we see a huge buy opportunity towards the end of the summer with our Target being $1150 (just below the 1.5 Fib ext).
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