PVH Approaching Support, Potential Bounce!

٧ يناير ٢٠١٩

PVH is approaching our first support at 84.79 (horizontal swing low support, 100% fibonacci extension, 78.6%, 50% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 116.69 (38.2% fiboancci retracement). Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.