Polo Ralph Lauren Corp. (RL:NYSE) is on the verge of testing it’s breakdown line at 126. Check out the monthly candle chart.
The 5 year weekly candle chart shows the BIG +3 year top formation’s progression.
The zoom in on the 1 year daily candle chart shows the recent price action drop to the support line. More tests of that line may be coming soon!
I have my breakdown alert set at 126. IF a monthly candle close can happen below that level, I’ll have a confirmed breakdown with a 70 target.