RL trade ideas

motleifaul Updated 

We have reached the daily high of December 3rd again which may be a strong support the more that it is the opening level(window!) of yesterday.

stephanelibatd

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...

TheOne99

Not the hottest stock , but .... T/A does stuff from time to time.

lauralea

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

dsmesc

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...

olihasan2

A great company with un-stoppable potential. Very limited downside.

Dmitry_Nikolaev

Ralph Lauren (RL) looks so tasty! Monthly chart: 20 years old(!) support line + divergence on RSI(14)

darshitkt

Ready for the next leg up until nxt year? Thrice touched the resistance line. Going for one more time!

SKACAPITAL

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....

EWFcw Updated 

Ralph Lauren Corp (RL - US) is moving down in ABC down wave pattern. C wave is already started moving down with impulse down sequence.

abow1007 Updated 

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.

autonomoustrading

Indeed!

Ron-V

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.

sanders516

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

Ron-V

Looks great, bouncing off the 50, crossing the 200, bullish RSI and rising relative strength and volume....nice :)

Ron-V

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.

BigOonTheBeach

I am posting to see if my trend lines play out. Thoughts and comments appreciated. Jeremy

Antonio_trader

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!