MC (LVMH Moët Hennessy Louis Vuitton SE) is the world's largest luxury goods company, with a portfolio of globally recognized brands across fashion, jewelry, cosmetics, wines, and spirits. The stock is widely followed as a benchmark for the global luxury sector.

From a technical perspective, MC remains overall bearish, continuing to trade inside the red descending channel. Price is now testing a major support area that has produced multiple bullish reactions in recent months, making it an important technical region to monitor. At the same time, a developing bullish divergence is adding more confluence to the bullish scenario and may serve as an early indication that bearish momentum is beginning to weaken.

⭕As long as this support area continues to hold, we can start looking for buy setups on lower timeframes, targeting a medium-term recovery toward the upper boundary of the descending channel as a corrective move within the broader bearish trend.

⭕From a longer-term perspective, buyers would need to break above both the red descending channel and the last major high, highlighted by the green trigger area, to provide the first major indication that momentum is shifting from bearish to bullish.

The reaction around this support zone may reveal whether buyers can develop another corrective rally, or if sellers have other plans.

⚠️Disclaimer: This analysis reflects my personal market view and is not financial advice.

Rayan Nasser

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