Today, I am looking at American fashion company, Ralph Lauren Corp. with ticker #RL. It has been growing steadily for quite some time now, and it looks like it doesn't plan on stopping.
Though fundamentals of the company seem pretty good, I will not be going through them, I will only focus on technical analysis here, as I always do.
What am I looking at?
1....
Analyzing the options chain of RL Ralph Lauren Corporation prior to the earnings report this week,
I would consider purchasing the 100usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $8.30
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read...
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.
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Thanks for your support!
This is a weekly picture for RL. The stock has very nice technical moves allowing for some good risk-reward positions.
Currently in wave 3 of a bigger C down. expecting a rise back to 105 area before shorting again.
Good Luck!
Price still going up, so keeping the longs. Now as daily reaches overbought, expecting a pullback in price, best would be a retest of the recent broken zone, where we could buy again, looking at the smaller time frame.
Good Luck!
As part of SP500, company has a market cap of $6.8B. Price target for banks and investment funds ranges from $98 to $150. Year on year stock lost. 34.52%.
4 hour chart shows it could be forming double bottom at the weekly support buy zone (see in the comments). Could be good for a long here with great risk-reward.
Today US session opens after bank holiday and...
Analysts used to gauge iPhone sales by the length of the line at Apple stores. General opinion and uninformed individuals are doing the same for RL, regarding in-store sales. Supply chain efficiencies improved significantly, YOY, revenue from online sales overseas is most robust it has ever been, and domestic transactions in America are strong online. If iPhone...
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...
Michael Kors (KORS) has had an impressive 6 months skyrocketing up in its price from just over $30 to $65+ now . That's (almost) more than a 100% increase in six months (depending on your entry price). Stating it as an annualised return is stupid but it's fun to just say that that would mean just under or over 200%.
In any case, the run up has been great. But...
