MC LVMH - Louis Voutton - DONT MISS IT - Long/buy Idea

Dear traders,

Id like to share this idea in order to take long positions, basically the price has already rebounded from 610, it is in a long term bullish correction patterm.

In my humble opinion, it is a good option taking a buying position now, there is too much correlation with China as more than 30% of LVMH earnings come from this region and latelly chinese markets have shown a litte improvement therefore would be good for LVMH (Pay attention in the next quaterly earnings figures :) )

Additionally Macd already crossed over in a very oversold area which is a nice signal to reinforce this buying idea.

best,