Bounce in Play 📊 
PVH
PVH is showing strong technical behavior, bouncing off the key support zone near $66.15 — which aligns perfectly with the long-term rising trendline (red dashed support). This level has historically acted as a key accumulation zone, and buyers are stepping in once again.
Key observations:
📉 Bounce off Multi-Year Support: The \$66.15 zone has been a reliable support level since late 2022. Each test of this zone has seen strong bullish reactions.
📈 Ascending Channel Support: The pink rising support (long-term uptrend) remains intact despite previous volatility. Bulls are defending this structural level.
* 🟠 **Testing Lower Highs:** The stock is still below the mid-term descending resistance (light blue dashed line), but any breakout above \~\$80 would signal a possible reversal.
* 🔍 **Volume steady:** No major capitulation volume — signaling controlled selling pressure.
* 🕰 **Earnings ahead (marked by purple box):** Traders should watch closely as earnings may provide the catalyst for the next breakout or breakdown.
If the $66.15 level holds, a rebound toward the $75–$80 range is likely in the near-term. A failure to hold this support could open downside risk toward the mid-$50s.
Watch levels:
🔑 Support: $66.15 — holding so far
🔑 Resistance: $75 $80
🔑 Breakout trigger: Close above descending resistance
🧭 Patience and precision here.
PVH PVH is showing strong technical behavior, bouncing off the key support zone near $66.15 — which aligns perfectly with the long-term rising trendline (red dashed support). This level has historically acted as a key accumulation zone, and buyers are stepping in once again.
Key observations:
📉 Bounce off Multi-Year Support: The \$66.15 zone has been a reliable support level since late 2022. Each test of this zone has seen strong bullish reactions.
📈 Ascending Channel Support: The pink rising support (long-term uptrend) remains intact despite previous volatility. Bulls are defending this structural level.
* 🟠 **Testing Lower Highs:** The stock is still below the mid-term descending resistance (light blue dashed line), but any breakout above \~\$80 would signal a possible reversal.
* 🔍 **Volume steady:** No major capitulation volume — signaling controlled selling pressure.
* 🕰 **Earnings ahead (marked by purple box):** Traders should watch closely as earnings may provide the catalyst for the next breakout or breakdown.
If the $66.15 level holds, a rebound toward the $75–$80 range is likely in the near-term. A failure to hold this support could open downside risk toward the mid-$50s.
Watch levels:
🔑 Support: $66.15 — holding so far
🔑 Resistance: $75 $80
🔑 Breakout trigger: Close above descending resistance
🧭 Patience and precision here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.