2024/12/16
Daily 4XSetUps - Still Contested Terrain In The GAPs In 1MC
“bullish gap and/or smaller bearish gap seem to point the way!
will the lows of the last few months still hold 2024? and/or 2025?”
After the recent record high pierce action in the
DAX , our German stock market week got off to a cautious start. The leading index closed with a loss of -0.45% to 20,313.81 points. Before the weekend, the most important German stock market barometer had reached a high of 20,522 points. In the current year, our German DAX has recorded an increase of more than +21.0%. Europe's stock markets mostly fell on Monday also. Weak retail data from China disappointed and investors generally held back on investments following the stock market rally since the end of November. As the week progresses, further monetary policy decisions from major central banks, including those in the USA, Great Britain and Japan, will come into focus following the interest rate cut by the European Central Bank last week. The 
EURO50 failed to retest the 5,000 point mark, which had been briefly reached the previous week for the first time since mid-October. Ultimately, the Eurozone leading index fell by -0.42% to 4947.03 points. His annual increase was once again slightly away from the ten percent mark. Outside our eurozone, the British 
UKX fell -0.46% to 8,262.05 points. However, things looked a little better for the Swiss 
SMI, as the Zurich leading index ultimately achieved a slight increase of +0.06% at 11,701.51 points.
“in most companies people are doing two jobs: their actual job and the job of managing others’ impressions of how they’re doing their job.”
Ray Dalio
€ 644.0 : 2024/09/26 - Bullish GAP Upper Line
€ 629.9 : 2024/12/17 - last price action
€ 620.4 : 2024/09/25 - Bullish GAP Down Line
In December, the bullish GAP of us bulls regarding the
1MC share could finally be tackled again. But, as expected, it was not recaptured! The fight for the terrain, the bullish GAP, continues - and I fear, as mentioned several times, willy-nilly, more or less, until at least the end of 2024 and the beginning of 2025. What is crucial, however, is the price action is not clearly sent downwards by traders and/or investors. So that in retrospect we have an incredibly good medium-term trend reversal formation. But that is still far too early - so it is important to look at the price action below the current last price. Although we had a relatively quiet red trading day today, Monday, December 16th, 2024 - but at least again within the bullish GAP. So there is definitely hope that we could start a big turnaround with this stock in 2025! But be careful.First, the slightly smaller bearish GAP (October 2024) must be recaptured! So the
1MC shares are trading above EUR 610.0 and/or EUR 622.5 again. In order to then reconfirm the bullish GAP from last month before (September 2024). And that is only when the bulls win back the price action between 620.4 EUR & 644.0 EUR too! Why? Because otherwise the short-term picture continues to look bearish! And we will have a price action around 550 EUR? Yes, maybe even lower prices than 550 EUR? What could happen faster in the future than we would like to think about it today! Therefore, you should definitely place a stop loss - for self-protection - to avoid further losses! Which from today's perspective - if you see the chart of the last days and/or weeks - have not become any less likely. If traders and/or investors decide to continue to see the LVMH share MIL:1MC even cheaper around the current annual lows in 2024. Because things aren't looking good for 1MC shares. All the political crises in the media - that's not a good environment for luxury brands like 1MC ! But what if this can all be overcome? A household budget is being put together in France, around 2024/25? While the elections in Germany go smoothly in 2025? And we will have a new or old Federal Chancellor again at the end of June 2025, or as far as I'm concerned, at least until the end of September 2025? That's right - 1MC shares shouldn't be any lower than they are today! And that's why I wrote this long 4XSetUp the way I wrote it.However, I know you shouldn't fall in love with stocks, but in the case of the French luxury company I am - also for private reasons. That's why I don't want to pretend - don't operate without a stop price. Because the probability that we will be stopped out has become greater than that we will experience a turnaround. But the current environment, in France, let alone in Germany, and even in the world, does not seem to be suitable for a higher price action by the noble company. Therefore the principle remains hope. This should be justified if the bulls defend the terrain of the last monthly lows for the time being, for the coming days, ideally until the end of 2024, i.e. also in December 2024. Because then we would have a solid terrain, a price action resistance zone, of under EUR 600 for weeks, and/or even months. And that's what this 4XSetUp is aimed at.
€ 629.9 : 2024/12/16 - last price action
€ 582.6 : 2024/09/23 - September 2024 Low
€ 582.5 : 2024/12/02 - December 2024 Low
€ 579.7 : 2024/10/16 - October 2024 Low
€ 566.0 : 2024/11/12 - November 2024 Low
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€ 750.0 : 2025/06/30 - Target Price
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€ 629.9 : 2024/12/16 - last price action
€ 603.4 : 2024/09/16 - Entry Price
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€ 550.0 : 2025/06/30 - Stop Price
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Have a good time
- regardless of the price action!
Aaron
“daily 4XSetUps - …” is pure information material!
By trying to give you even more information about some trading capabilities to trade and/or invest in some securities. This post is not a call to action - it only provides information. You decide (not) to decide. Even if I am writing daily 4XSetUps with concrete entry prices, target prices and/or also stop prices! It is like it is - like I said; You decide to respond to the analysis I just formulated to buy, to sell, or to do nothing! More information about my approaches to investing in something specific or just trading it, or even just describing it, can be found in the daily "Another 48h - DXY ...! Analysis Post. Where I try to track the price action in
DXY every day so that we learn something new daily.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.