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inco1

$rl short weak bounce

Short
Ralph Lauren Corporation (NYSE:RL)  
inco1  
NYSE:RL   Ralph Lauren Corporation
Multiple Time Frame Analysis downtrend RL breakdown support BASE distribution consolidation
3
0
mtfa downtrend rl breakdown support base distribution consolidation
higher time frame shows defined downtrend pulling back after strong impulse move
mid time frame shows uptrend weakening and mature looking for a breakdown with negative momentum and negative volume pressure
lower time frame is working bottom of base- worth monitoring for possible false breakdown and continuing consolidation
breakdown of support level of 71.3x area to first target of 70.7x area and next level to 69.8x area
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