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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