R1LC34 trade ideas
$RL RALF LAUREN EARNINGS SHOULD BE GOOD, BUT NOT A BUY.Luxury retail sales have had a very good start to 2019 after a horrid end to 2018, consumer confidence improved greatly but that may change very quickly as Trade disputes and Brexit still hang over the market. We expect a good report tomorrow, but are wary of negative commentary and Dollar strength has been a recurrent theme throughout earnings season. We see $110 as a good retrace target.
Analysts Price target $141
Analysts average Recommendation OVERWEIGHT
Company Description
Ralph Lauren Corp. engages in the design, marketing and distribution of premium lifestyle products. The firm offers apparel, accessories, home furnishings, and other licensed product. It operates through the following segments: North America, Europe, and Asia. The North America segment consists of sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company's wholesale and retail businesses in the U.S. and Canada, excluding Club Monaco. The Europe segment caters to sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company's wholesale and retail businesses in Europe and the Middle East, excluding Club Monaco. The Asia segment covers the sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company's wholesale and retail businesses in Asia, Australia, and New Zealand.
Ralph Lauren (RL) sellRL, D1: Resistance zone + Shooting star candle pattern + Overbought + Divergence on RSI(14).
WSJ Endorsement/JP Morgan Positive Reiteration 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 sales in Apple stores were still gauged this way, Apple would be one-quarter of the value it is today. Shorts about to get burned. Also, if you want to trust "top" opinions on trading view, regarding the massive short on RL by Allen Masters, be my guest. Promoting his business based in Pakistan is none of my business. He made his prediction of his short, based on the momentum of RL post-earnings. Anyone trading for 1 hour, would understand that short position, on 24-48 hour time frame. Good luck with shorting RL, and quite frankly, if you want to raise funds for your margin call when you're done, please refer to the link below:
gofundme.com NYSE:RL AMEX:XRT NASDAQ:ETSY NYSE:WMT BMV:KSS NYSE:KORS NYSE:TPR NASDAQ:MTSL
www.wsj.com
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www.marketwatch.com
RALPH LAUREN CORPORATION 30% Crash Incoming (Bearish Divergence)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 sell.
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$rl short weak bouncehigher time frame shows defined downtrend pulling back after strong impulse move
mid time frame shows uptrend weakening and mature looking for a breakdown with negative momentum and negative volume pressure
lower time frame is working bottom of base- worth monitoring for possible false breakdown and continuing consolidation
breakdown of support level of 71.3x area to first target of 70.7x area and next level to 69.8x area
RL PREDICTIONRL should run on a bullish run then turn over near the 97.26 price and continue on it's bearish trend.
RL PredictionI see RL taking a short-term bullish swing then rolling over back to continue it's bearish run.
This could be the bottom of the downtrend.I saw bullish divergence on the MACD and RSI.
I could be wrong on this stock. But just watch how it move from here. Should be pretty interesting.
Bull Stock Chart Setup On Shares Of $RLShares of Ralph Lauren Corp (NYSE:RL) are looking bullish after the stock bounced off its 52 week lows and has since began to consolidate in a bullish flag pattern. The stock has been beaten harshly off its highs, down from $114.00 to $78.19. Based on the current chart setup, Ralph Lauren is a strong buy with an upside target to $87.40. Ralph Lauren Corp will remain a strong buy as long as it does not trade through the 52 week lows of $75.62.
Stock market chart analysis on shares of Ralph Lauren Corp
RL higher prices soon?RL bounced off 200dma and rising trendline. Good R/R to go long with a stop below 96.
RSI is showing bullish divergence as well. MACD curling up too.
RLOvershot Wedge Ascending and Broadening by a good deal. Could be working on Sym Triangle of IHS here.
RL breaks down below previous supportEarlier this month RL broke down below recent support and beyond the consolidation zone where price has been trading since mid-2013. The downtrend began to develop a few days after the earnings announcement on 4th February.
Throughout the majority of February price has been trading between the lows of 2014 and 2012 - with 2012 acting as support and 2014 as resistance. On Friday price broke below the 2012 pivot, with a very bearish bar, and the weakness looks likely to continue.
With the next major support zone at around $105 there is some room for price to continue to fall. There may be a retest of the 2012 pivot and, on the weekly chart, the 50ma is still above the 200ma (we would ideally like to see the weekly 50ma cross below the 200ma to give us an additional reason to short this stock).
RL is trading against the markets in general and, if entering this trade, it would be a longer-term sell (to give the bear trend time to develop). With over $25 to the next support level this could be a good opportunity for those who are happy to short stocks at this time.
