Rretail stock Kohls Corp. (NYSE:KSS) fell by more than 12.0% Tuesday morning after reporting earnings that missed estimates. The stock has been weak since it peaked on April 24, 2019 at $75.80 a share. Today, KSS was trading lower by $7.41 to $55.46 a share. So it is easy to see how this stock is already very oversold at this time, but the pattern that is triggering today signals more downside to come. There is a big weekly chart head-and-shoulders pattern that has developed and is going to possibly trigger by the end of the week. Due to laws of symmetry, the pattern suggests a potential decline down to $35. Now please understand, these patterns take time to play out. They do not complete their potential decline in a single session; they take time to complete. Traders should also note that any pattern can fail at anytime, so if KSS closes above $60 on a weekly chart then this pattern is no longer valid and has failed. 
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This Retail Stock Just Triggered The Mother Of All Head-And-Shoulder Patterns
Published 05/21/2019, 03:49 PM
This Retail Stock Just Triggered The Mother Of All Head-And-Shoulder Patterns
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