lukelehepuu

COH RESISTANCE APPROACHING

NYSE:COH   COACH INC
Description of Chart:
I have noticed that some people want to short at this level. If you go back out to 2011 on the weekly chart you will notice that there has been quite a strong channel formed. We are approaching the resistance of this channel but I don't want to short it yet. If we hit the resistance then I will think about getting short.

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