LVMH Shares Find Momentum as Chinese Demand Rebounds

The luxury goods sector is showing fresh signs of life, with French conglomerate LVMH posting stronger-than-anticipated performance. After months of market uncertainty and concerns over Asian consumption patterns, the company’s latest quarterly results have injected optimism among investors. The positive shift appears largely driven by renewed strength in a critical market.

From a technical analysis perspective, LVMH shares are approaching a decisive level. Having consolidated within a narrow range for several weeks, the stock is now testing key resistance levels. A support zone established between €580 and €600 since early October has proven resilient, successfully repelling multiple downward tests. However, significant overhead resistance persists between €660 and €700, creating a challenging barrier for further Read more...