PVH Phillips Van Heusen Weekly Chart Overbot Rising Wedge Negative Divergence Potential Island Reversal and H&S Patterns

The retail sector is very important this week and PVH has led the sector higher, however, the negative divergence and rising wedge announces the end of the road. The blue H&S with head at 126 and neckline at 108 targets the support at 90. The pink lines show a gap big enough to drive a delivery truck through so either an island reversal occurs with a drop from 108 to 97 in a heartbeat, when the time comes, or, price will simply fill the gap at 97-108. Projection is lower prices for the weeks and months ahead; PVH is about to bend over and rip its pants. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.