Hermès: barely 2% safety margin, the 1.080E threatened


(CercleFinance.com) – Hermès is sinking towards 1,100E and threatens the crucial and annual support of 1,080E on March 8th.
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 historic record at the end of January 2020 had been recorded around 710E.

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