Monday, February 25, 2019

Ralph Lauren likely to bounce

Ralph Lauren likely to bounce target point 83.5

Ralph Lauren likely to bounce

Likely to bounce target point 83.5.

77.1 - our turning point.

Our opinion: The likelihood of a rebound to the target point 83.5.

Alternative scenario: the breakout of 77.1, Ralph Lauren may reach 75.3 and 74.1.

Comment: the RSI is below the neutral zone 50.MACD negative and above its signal line. the opposite configuration. In addition, the rate is below its 20 and 50-day moving average (respectively, are at levels 79.8205 and 81.8938).

Support and resistance levels:

85.9 **

84.7 *

83.5 **

82.4

79.22 (closing price)

77.9

77.1 **

75.3 *

74.1 **



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