RICHEMONT (CFR)

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Richemont's trading chart signals a potential entry into Impulsive Wave 5, as observed on the weekly time frame.

- Monitor the emergence of support above the previous high of Impulsive Wave (1) resistance.

- This support could drive a price movement towards the 400 level.


NOTE: RICHEMONT - These ultra-luxe brands appeal to the top 0.01% of earners, who remain insulated from economic downturns.

They fall into the category of Veblen Goods, witnessing increased demand as prices climb. This trend parallels the automotive industry, exemplified by Ferrari.


Reference: Ghostmail

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