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.
What's the difference between this run up and the one that happened between 2010 and 2012, where the trendline was breached, but the price stayed around the all time highs for the following 3 years?
AlanSantana
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@Swingman39, The trendline is to represent the divergence and not that it was breached. The divergence is the strong signal here.