(CercleFinance.com) – Hermès has therefore shattered the short-term support at 1.170E (from 02/14 to 24) and is preparing to retrace the annual support at 1.080E on March 8.
This is the threshold not to be pushed in because Hermès would validate a ‘head/shoulders’ (under 1.675E at the end of November 2021)) would then begin a slide towards the medium-term support of 850E.
Reminder: the previous historical record at the end of January 2020 had been recorded around 710E… the stock is still 60% beyond, at 1.125E.
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