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Tpranalysis

Tapestry - challenging MA200 right nowSign of Reversal to bullish trend - Candlesticks challenging MA200 , possible to stay above it - If we take a look at ichimoku indicator, candlesticks moving above cloud & lagging span moving above candle sticks (Signs of bullish trend) -Retracement line R3 retrace approximately 0.78fib of Line C, stronger than R2 retracement 0.6fib -Downtrend line c which form Lower low (LL3) has smaller magnitude but higher downtrend momentum (mixed) Bulk of the traded volume for past 650 days is between 27 to 34. Serving as a support area. If candlesticks fail to stay above MA200, look for support within ichimoku cloud . Wait for reversal pattern such as double bottom , follow with high trading (vertical green) volume to signify support.
NYSE:TPR
by Inquiring_H
US Stock In Play: $TPR (Tapestry Inc)$TPR posted a weekly gain of +6.79% to close at it’s 52-weeks high at $42.14. The price acceleration was induced by a technical breakout of a Bullish Wedge chart pattern along with its 4 months trend channel, that was broken out with an 28.6% increment in its daily average volume. At the current junction, $TPR immediate classical resistance level is at $45 which was last traded in October 2018. Any upcoming correction for $TPR not exceeding below $38.40 will ensue its technical strength for a further mid-term rally. $TPR provides luxury accessories and branded lifestyle products through three major brands (Coach, Kate Spade, and Stuart Weitzman.) in the United States, Japan, Greater China, Other Asia, and internationally.
NYSE:TPRLong
by jfsrevg
2