Dear fellow investors, traders and bag holders,
I need to pick your brilliant minds, as I just can't get my head around this question: how long do support/resistance or supply/demand levels hold?
I mean not the obvious, as when the stock breaks through they are pretty much voided, but just time wise.
Let my case be any random stock (actually I am looking at LVMH). It recovered lately after the China news, but was on a steady down trend for months right after its ATH. It crushed through all kind of support levels.
While the down trend in the luxury segment can be linked to general economic outlooks, this stocks movement made me think about best-before dates for such levels.
What are your thoughts?
PS: I hold no stock of LVMH.
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