LVMH to extend it's losses temporarily.LVMH - 30d expiry - We look to Sell a break of 592.8 (stop at 611.1)
Short term momentum is bearish.
A break of the recent low at 594.7 should result in a further move lower.
540 continues to hold back the bears.
A break of support at 600 should lead to a more aggressive move lower towards 540.
We look for a temporary move lower.
Our profit targets will be 544.4 and 534.4
Resistance: 620 / 640 / 670
Support: 600 / 570 / 550
Disclaimer – Saxo Bank Group.
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