KOHL's extends losses - Analysis - 26-09-2023

KOHL's Corporation's stock (KSS) kept falling in the intraday levels amid negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels, amid the dominance of the main downward trend in the medium term, while the stock is hurt by piercing the upward correctional trend line previously.

Therefore we expect more losses for the stock, targeting the pivotal support of 17.90, provided the resistance of 23.85 holds on.

Expected trend for today: Bearish