Today's price action hit the demand zone, if this is retest, then expect to see upward action again.
This is a luxury brands operator, owning Michael Kors, Jimmy Choo and Versace, all brands at diff stages, MK is a cash cow funding the expansion of Versace and Jimmy Choo.
Versace and Jimmy Choo have extensive upside if they can grow the group whilst MK carries risk of over milking. is there any real brand heat going forward.
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This trade is now done, i think Tapestry are getting a great deal here......although they are using leverage to buy out Capri!