LVMH: Bullish: Butterfly detected.LVMH: Bullish: Butterfly detected.
The price could go down to the PRZ zone indicated on the right chart: 512 to start, then 388 if the Double top plays its role.
This will therefore be a very interesting entry point for investors.
Below: Some information about LVMH.
LVMH (Louis Vuitton Moët Hennessy) is today the world leader in luxury and one of the largest French companies. Here’s a look at where LVMH stands today:
Recent Financial Performance
LVMH recently announced its third-quarter 2023 results, which missed analysts’ expectations
This announcement caused a significant drop in the stock price, which is down more than 20% from its record highs
Market Position
Despite these mixed results, LVMH remains the world’s largest luxury company, with a portfolio of iconic brands including Louis Vuitton, Dior, Givenchy, Kenzo, Moët & Chandon and many others
Structure and Values
LVMH is a family-owned group founded in 1987. Its primary mission is to ensure the long-term development of each of its houses, while preserving their identity and autonomy. The group emphasizes creativity, innovation and excellence in all its products and services. Corporate Strategy
LVMH's strategy is based on the vertical integration of its value chain, from raw material sourcing to selective distribution. This approach aims to ensure the excellence and sustainability of its products.
Social and Environmental Responsibility
LVMH is increasingly committed to ethical, social and environmental initiatives. The group places emphasis on adopting and promoting honest behavior in all its actions and relationships.
Future Outlook
Despite recent challenges, LVMH remains a solid company with long-term growth potential. , like any company in the luxury sector, it is sensitive to global economic fluctuations and changes in consumer habits.
