KORS Swing Update


The long triggered with the hold above 58.87 as laid out on Feb 26, 2013 chart:

2-27-2013 KORS D

So price has reached the targets of 60.37 & 61.29, now what?  Well, the 39 minute chart shows there is now a Bearish 5-0 PRZ (potential reversal zone) that correlates with the Bearish Butterfly PRZ 61.29, this is a definite place to take profits and tighten a position.  Of course, if price is able to hold above here, it’s making a bullish bias statement and has the upper pitchfork line as well as daily retest of Bearish Butterfly PRZ at 65 to 66.62 region.

3-7-2013 KORS sw update