Michael Kors Holdings (KORS), a marketer of designer apparel, accessories and footwear under the Michael Kors name, went public in December at $20 and ran sharply higher to the $50 area by mid-March where it is now forming a constructive consolidation.
Something is getting ready to happen, every dip is bought quickly, KORS won't give up a penny to these broke daytraders trying to short it, if you notice most of them babbling last week have all vanished, or lied and said they went long lol
A nicely formed upside down head and shoulders is what that last dip was. It really shows up on a 60 minute chart. Now we have a square consolidation with a pivot of 50.79, when she hits that it's sky above. Long and happy.