I will probably flesh this out headed into this week, but Ralph Lauren is starting to flashing longer-term signs of coming undone a bit here. I am looking to short into bounces at this point. I expect at least a test of the major support trendline on the monthly chart, first below, since 2009. And the second chart is the weekly which shows bearish RSI and MACD divergences at the recent all-time highs printed just above the prior 2012 highs, on the top and bottom panes of the chart, respectively.
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