Ralph Lauren Corporation
Updated

Ralph Lauren update

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As part of SP500, company has a market cap of 6.8B. Price target for banks and investment funds ranges from $98 to $150. Year on year stock lost. 34.52%.
4 hour chart shows it could be forming double bottom at the weekly support buy zone (see in the comments). Could be good for a long here with great risk-reward.
Today US session opens after bank holiday and first time in autumn, expecting high volatility today.
Good Luck!
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After small fall yesterday, it looks like an inverse H&S now, though no big divergence. Very positive open today.
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the long looks better and better
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Target finally reached 61.8%!

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