Hello traders, RALPH LAUREN CORP is in a fake bearish configuration with seller trace and low sell volume issued. On the TIMEFRAME M1 we see a marubozu with an abnormal purchase volume, it is heading right into the VWAP to break it. Great propability of breakout the price then at the same time of breakout a stabilization zone to reach the next higher (See...
RL has been in a down trend for a long time. The retail environment has been tough. Short interest on the high side A Lot of R overhead but there is some room overhead A double bottom can always come back and form a triple bottom so be aware. Patterns change. The only thing that never changes is change. Not a recommendation
Or, is it just me? No matter what Stock that I Sell (RL) as an example. "They" drop the price by -$1.09 Then, "They" slowly put it back on the Market at a Higher price, than I Sold. I have many other Stocks that this has happened to, also. How about: AMAZ at a High of $3344 "They" drop it -$409 and the Buyers come back in. There is Definitely enough Greed...
A great company with un-stoppable potential. Very limited downside.
Ralph Lauren (RL) looks so tasty! Monthly chart: 20 years old(!) support line + divergence on RSI(14)
Looking long with potential target of $180 then potentially $230. Since launch Ralph has been in a bullish trend. A worldwide well recognised brand that performs well through all seasons and market conditions. However, COVID being a complete different disaster has had an effect on consumer trends and even eliminates the option for consumers to visit stores....
Ralph Lauren Corp (RL - US) is moving down in ABC down wave pattern. C wave is already started moving down with impulse down sequence.
My custom-coded candlstick alerts are pointing to a bullish few weeks for RTX! I'm in. Daily candlestick alert was about 4 trading days ago.
Don't let it fool you. Shrinking volume could suggest it wants to pull back to support, so keep an eye on it if your long like I am.
Liking the setup here to get back to 123 area.. ADX (dotted line in directional movement) is trending higher and control price held with long wick.. 123 target with 112.80 stop
Looks great, bouncing off the 50, crossing the 200, bullish RSI and rising relative strength and volume....nice :)
IMHO, up - consider the positive earnings, and the fact that the gap has been filled, and it looks to be bouncing off of the 20 as well.
I am posting to see if my trend lines play out. Thoughts and comments appreciated. Jeremy
Could be time to close longs since September. As the volatility from positive earnings subsides, a chance to short the gap is by waiting for the break of the daily 200SMA and target $104 level to close the gap. Good Luck!
The price is between two Support/Resistance Zones at the time. It will be a good Sell opportunity in marked Sell Zone. Before to trade my ideas make your own analyze. Write your comments and questions here! No need to write it in PM. Thanks for your support!
Having missed this stage of the recovery , a safe entry level would be on the break of the well defined downtrend. RSi and MACD are turning very bullish and a cross above the zero line would be very positive for the stock and a buy signal. P/E ratio 20. Reasonable. Short interest of 9% under some pressure. Company profile Ralph Lauren Corp. engages in the...