LVMH – breakout priming

LVMH has been doing relatively well but has faced major resistance at 135, testing that level twice. Positive RSI divergence plus a rising support is helping it along. Short term support levels of 120 then stronger at 110. Barring a global slowdown, upside target is 160 if it breaks out & stays above 135. Its 161.8% fib extension at about 190 is a longer term goal.

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