Trade Idea- Ralph Lauren Quad Bottom


Active member
102 2
RL- Nice quad bottom shaping up, look for a move up and some volume to confirm.


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Legendary member
10,229 2,055
I like it. Nice r:r

If you can get in near 171 you have a $6 stop and About $15-18 target.



Established member
547 0
I use the StockConsultant site alot for support and resistance and see triple+ (quad?) support at 173.3 and 169, looks like it could get to 169

CURRENT PRICE 171.05, just above support, 169 ± 2.03, type triple+, strength 10

SUPPORT BELOW -1.2% at 169 ± 2.03, type triple+, strength 10
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Legendary member
10,229 2,055
or a double top, and I'll wager I'm right

That's why I'd have the stop @ 165. It's a clear break lower. Small risk for the potential reward. If I were to play the double top I'd rather have taken a similar small risk near the top of the range with a stop that signals a clear break higher. But a look at the 5yr chart shows a nice uptrend so I'll go with that.

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