What a Tease

The weekly chart and higher degree pattern in Michael Kors Holdings (KORS) is still bullish. This is why I have been stalking the buy side in this one, and, frankly, I got caught with some "too early" entries. Even though it bounced off some higher support decisions in the past, each time, KORS was unable to sustain the rally and instead continued to test lower support zones. So I'm asking: KORS are you teasing me again, or is this where we will finally see a rally from support that has some follow-through to the upside?

Watching and getting stopped out with some of these false starts has been frustrating, but that's just part of the business. So let's take another look at the daily chart of KORS. I really liked the price activity I saw in Thursday's session....216 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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