(CercleFinance.com) – ‘Luxury’ was literally incandescent on 4/11, due to (unverifiable) ‘rumors’ coming from China and suggesting an abandonment of ‘zero Covid’ by Beijing (nothing in the official press, not the lesser index).
Kering soared as soon as it crossed 480E, the stock was further boosted by rumors of Tom Ford’s takeover and ended beyond the 501E resistance of 09/21: next objective, the retracement of the ‘peak’ of the 535E of September 13.
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