Continual Head and Shoulder patterns can be seen along the up trend line of VFC on this weekly chart
Right now we are just completing a H&S pattern and price is hitting the up trend line
This is a good entry point for continuation of the trend line
Interesting chart
VFC is a corp that not only is showing a wonderful long-term topping pattern. It's also positioned in a rather poor manner for the current macro environment. They are a cyclical company that sources the majority of their products from Asia, experiencing significant supply issues that are constricting margins significantly.
Not sure if this breaks immediately,...
V.F. Corporation, together with its subsidiaries, engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work. The company offers outdoor, merino wool...
