alanmasters
Short

RALPH LAUREN CORPORATION 30% Crash Incoming (Bearish Divergence)

NYSE:RL   RALPH LAUREN CORP
If RALPH LAUREN CORPORATION ( RL ) closes the month below 123.81, we will likely see a 30% drop . The probabilities of this happening are very high since bearish divergence is already showing up on the RSI (magenta line).

Expect RALPH LAUREN CORPORATION to crash hard in the coming months.

Other signals in shorter time frames validate the incoming crash. Time to sell.

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Comments

What's the difference between this run up and the one that happened between 2010 and 2012, where the trendline was breached, but the price stayed around the all time highs for the following 3 years?
Reply
alanmasters Swingman39
@Swingman39, The trendline is to represent the divergence and not that it was breached. The divergence is the strong signal here.
Reply
Thank you for this one!
Reply
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