devicemxl
Short

KORS-160411-STO/DMK-G1W-SHORT

NYSE:KORS   MICHAEL KORS HLDGS LTD
NYSE:KORS             has a fast and strong recuperation over some weeks of downtrend, but this provocate a overload, the future are not clear from a technical perspective, meaby can develop a big ascending wedge or simply continue to the abyss, but for the next weeks is clearly the stochastic indicate a turn down, the Demarker are overload and the price action show a turndown. The price is reacting about the 78.6 of fibo but is early to determine.

Speculative Frame Set: SHORT
Open from: 52.297
Target 1: 46.7
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