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Christian Dior The title at the crossroads

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Analysis published on Thursday September 21, 2023

Christian Dior (CDI) unfortunately validated its shoulder-head-shoulder (ETE) below €776. But even worse, the prices have practically reached the final objective of the chartist figure of €689. From now on, one of the luxury values ​​of Paris stock exchange is at a crossroads, because it is also in contact with the ascending line from the Covid low points. Will this constitute an accumulation zone for long-term investors?

Assuming that €689 does not give way, a potential throwback on this support would allow CDI to temporarily move up the slope towards €734-735. However, more will be needed to avoid the danger of a relapse provided the ETE neck line is crossed at €776. Conversely, a simultaneous overflow below the ascending line and €689 would reinforce the idea of ​​a neutralization of the underlying upward trend. In which case, the €644 would be in the line of sight.


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