Ralph Lauren gapped up post earnings. Currently in a downtrend, about to fill the daily gap downward towards 110.
Ex-Dividend is on the 23rd, so I'd expect a sell off on the 23rd, likely to the 110 region.
Short term: RL could spike to 120 on dividend hype this week , then see a sell off starting on the 23rd to the 110 level. Anchored VWAP from earnings is...
RL ER is supposed to be significantly better post COVID. With positive ER, expect price to move towards, and potentially fill the gap.
Setup
1. Breakout of recent downtrend with growing volume.
2. Support from daily 200MA.
3. Price jumped to daily 50MA and anchored VWAP from last volume spike.
4. Chart Gap
Entry
1. Confiration on current support with loading...
