Ralph Lauren is trying to breakout above the highs. So far we have seen a breach of the key $286-287 level and currently price is in the process of retesting that level as potential new support.
Its to early to say right now as this could end up being a failed breakout as the RSI has a slight bearish divergence.
But if we see price start to rise back above that level and have a successful retest then we should see a rapid increase above $300 (given other catalysts as well).
Its to early to say right now as this could end up being a failed breakout as the RSI has a slight bearish divergence.
But if we see price start to rise back above that level and have a successful retest then we should see a rapid increase above $300 (given other catalysts as well).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.