The Entry

  • My favourable entry would have been at 1856.5, however the current price at 1729.0 is a clear break down of the 0.382 fib level
  • This is also tied to the overall bearish market direction and sentiment

    The Situation 
  • Technology stocks have taken a beating and in light of the trade tensions and lower CN travellers, luxury stocks are in a very uncertain position.
  • Recent Sales numbers have slow continued to slide

    Issues & Risks
  • There is a new Creative director, but I am not sure that is enough to change a business in the short term.
  • I am also worried about hitting my target price at 1502.5, so we will have to break up my buys in to 3 batches to lower the risk

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