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PVH emits more negative signals - Analysis - 20-10-2022
PVH's stock declined in the last session with negative signals out of the RSI after reaching overbought levels compared to the stock's movements, hinting at negative divergence, amid the dominance of the main downward trend in the medium term, with negative pressure from the 50-day SMA.
Therefore we expect more losses for the stock, targeting the support of 43.50, provided the resistance of 53.00 holds on.
Expected trend for today: Bearish
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