jerryz73001

ATZ short-term pull back

Short
jerryz73001 Updated   
TSX:ATZ   ARITZIA INC
ATZ breaking of daily timeframe trend line with bearish RSI divergence and increasing MACD histogram level.
Momentum to the downside will likely to drive price lower to $43 area (10% downside) and if that breaks next target around $36. If rebound from $43 then look to long again.
Fundamentals remain strong, but requires confirmation of ability to sail through excess inventory in the next earnings call
Comment:
first target reached
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