LVMH Showing Signs of Exhaustion - Entry Point?

MC has formed a bearish flag pattern, indicating momentum exhaustion. The chart shows a clear upward pole followed by a tight consolidation, which typically signals a bearish continuation setup.

The MACD displays a clear bearish divergence — while price continues to make higher highs, the MACD is trending lower, confirming waning momentum. Similarly, the RSI recently peaked near 70 and has begun to flatten, reinforcing the loss of bullish strength. Volume has also declined noticeably throughout the consolidation, suggesting buyer fatigue.

Given these factors, I expect the stock to retest support around €585, with the possibility of a deeper correction toward €563. With some patience, this pullback could present an attractive long entry once momentum resets and confirmation of support emerges.

For further analysis on LVMH and an explanation of my long-term bullish sentiment for the stock please read:

https://www.tradingview.com/chart/1MC/6BavYEIF-LVMH-at-a-Turning-Point-Testing-Critical-Resistance-Ahead/