Right now, LVMH’s price is below a short‑term ceiling at €499.4. The 20‑day moving average also points down.
After a recent fall, the stock looks oversold and sits close to a strong daily support level around €444.95. This floor could hold the price for a short time.
We think the price may start to rise again, aiming for the €500 mark.
One way to bet on that move is to buy the Vontobel call warrant OU61V, priced at €1.58. The warrant could give about a 60 % gain, while its knockout level near €420 limits the possible loss to around 27 %.
We keep an eye on this product and will update our advice if market conditions change.
Tags:
Technical Analysis