Hello guys, as you can see since Yesterday CaC 40 is my new victim.
What is MC ?
MC/LVMH : is a French multinational luxury goods conglomerate headquartered in Paris. The company was formed in 1987 under the merger of fashion house Louis Vuitton with Moët Hennessy, a company formed after the 1971 merger between the champagne producer Moët & Chandon and Hennessy, the cognac manufacturer. LVMH has take the lead of the luxury market and is showing huge returns.
My view :
Much actions on the CaC 40 and more generally in Global Stock market are showing signs of parabolic growth. Everyday i select an action where i see sign of weakness in the parabolic structure. This type of trade is highly speculative but offers huge returns.
Technicals :
The 5rd wave is extended to 4.618 of the 1, that's show over price territory. RSI and MFI are both overbought and divergent. In Hyperwave theory the parabolic structure looks complete.
Type of Market : Irrational (Bubble). Type of trade : Reversal.
Stop loss : 416.
I hope you are enjoying this post, please like, share and comment to show me your support. Let me know in the comment section which chart (Stock/Forex/Crypto) you would see me to analyse.
DISCLAIMER : I'm not a financial advisor. You trade at your own risk. I can't be responsible for your losses.
@Borgilskye, I thank you. Please if you want me to analyze some specific asset, let me know !
Borgilskye
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@ComeTcrypto Great to have you giving this coverage, I watched your out-standing calls on CryptoCompare but stopped going on there as it was such a toxic forum. Thanks for the very clear S/L and potential targets. Perhaps the metals at some point? Palladium and Platinum. Also any of the banks that are not so obvious right now something must be going on as per the repo market in the US (we know about Deutsche bank and Banco Bilbao I missed that boat!). There are some parabolic shares in USA but I am presuming the big ones like mastercard and visa which I have held for some time will only have a big correction when we get the really big correction/depression on the US markets.
KassandrA_dotcom
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@Borgilskye, I stopped to post on CC too for the same reason. I'm not an expert on Forex, but i will have a look at it. Yes, the USA parabolic structure looks very more problematic than the french ones for now. But i have a close look on the USA market, and i'm ready to strike it when the time will come !